Long-Term Care Insurance

Protect Your Health. Protect Your Wealth.

You’ve worked hard to build a secure financial future—now it’s time to protect it. One of
the biggest risks to retirement savings isn’t market downturns or inflation—it’s the rising
cost of long-term care.

Whether it’s in-home assistance, assisted living, or full-time nursing care, these expenses can be staggering—and they’re not typically covered by Medicare. That’s why having a long-term care plan in place is essential.
At BL Wealth Management, we help individuals, couples, and families plan wisely so that your future health needs don’t compromise your financial security or burden your loved ones.

Why Long-Term Care Planning Matters

  • 70% of people over age 65 will need some form of long-term care.
  • Average cost of care: Over $50,000/year for assisted living; $100,000+ for a private room in a nursing home.
  • Medicare doesn’t cover most long-term care services.
  • Without a plan, these costs can drain savings, impact your spouse’s well-being, and limit your choices for quality care.
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What Are My Planning Options?

There’s no one-size-fits-all solution—but there are smart strategies:
Traditional Long-Term Care Insurance
  • Pays for qualifying care expenses
  • Use-it-or-lose-it model (like home insurance)
  • Typically more affordable when purchased earlier (50s–60s)
Hybrid Life Insurance with Long-Term Care Riders
  • Combines life insurance with long-term care benefits
  • If you don’t use the care benefit, your heirs still receive a payout
  • Often allows for fixed premiums and greater flexibility
Annuities with Long-Term Care Benefits
  • Provides guaranteed income and access to funds for care expenses
  • Great for those looking to reposition assets tax-efficiently
Self-Funding with Strategic Planning
  • Use designated investment accounts earmarked for care
  • Requires disciplined savings and tax-aware withdrawal strategies

Key Points Checklist

  • Do you know how much long-term care could cost where you live?
  • Do you have a plan for how to pay for care if needed—without burdening family?
  • Have you reviewed insurance or hybrid solutions to protect your savings?
  • Are your spouse or adult children aware of your preferences and wishes?
  • Have you considered how long-term care fits into your overall retirement plan?

We Can Help You Plan with Confidence

At BL Wealth Management, we’ll guide you through your options and help you make a smart, personalized decision—one that balances cost, coverage, and peace of mind.

Schedule a Long-Term Care Planning Session Today.

Let’s talk about how you can protect your future, your family, and your finances—with confidence.
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