Long-Term Care Insurance Now

In this episode, Scott A. Olson breaks down the three critical questions you must ask about any long-term care policy, including how to verify your monthly maximum benefits and safeguard your total pool of money against compounding inflation. Scott exposes the massive difference between contractually guaranteed values and risky, non-guaranteed projections, so you can ensure your plan actually pays...

Are you confused by the jargon and sales pitches surrounding long-term care insurance? Join expert Scott A. Olson as he breaks down the first two of seven critical questions you must ask before purchasing a policy to ensure you aren't being steered toward the wrong product. Learn how to identify the right type of coverage and verify if your advisor is truly qualified to help you protect your...

In this episode, long-term care expert Scott A. Olson breaks down the proposed New York Long-Term Care Trust Act and the potential impact it could have on your paycheck. Modeled after a similar program in Washington State, this legislation would implement a mandatory payroll deduction for W-2 and self-employed workers to fund a state-run long-term care program. Olson warns viewers about a "hi...

Welcome to the 100th episode celebration of LTCi Now! In this special episode, Scott A. Olson wraps this series up by pulling back the curtain on long-term care planning and content creation. He also reveals the surprising lack of education among financial planners regarding long-term care insurance. Scott also explains why he uses real-life case studies to bust common industry myths and shares hi...

Welcome to the 100th episode celebration of LTCi Now! In this special Q&A series, Scott A. Olson dives into the common questions you ask about long-term care insurance and this show. In this episode, he dives into his personal journey specializing in long-term care insurance and explains what the CLTC designation means. He also breaks down why common misconceptions about LTCi from financial ad...

Welcome to the 100th episode celebration of LTCi Now! In this special Q&A series, Scott A. Olson dives into the common questions you ask about long-term care insurance and this show. He shares the story behind the founding of LTCShop.com, the realities of policy rate increases, and reveals the exact insurance coverage he and his wife have.  Your support made it possible for us to get to 100 ep...

In this episode, long-term care expert Scott A. Olson highlights how inflation acts as a silent killer for retirement plans. This is particularly true when choosing how to fund your long-term care. He shares a real-world example of a client who nearly chose a life insurance policy with a chronic illness rider with flat benefits over a traditional policy whose benefits would double by her 80s due t...

Long-term care expert Scott A. Olson exposes another hidden trap of using universal life insurance with chronic illness riders to fund your future care. Sharing a personal story of a policy he bought and quickly canceled, Scott reveals how the fine print allows insurance companies to slash your expected benefits based on life expectancy. Learn how these policies compare to traditional long-term ca...

Don't let an "A-to-Z" generalist financial advisor sell you a policy that gambles with your retirement safety net. In this episode, Scott A. Olson breaks down why a chronic illness rider is, at best, a mediocre substitute for true long-term care insurance. Using a real-life story, he exposes how these life insurance riders often lock you into high premiums but could pay absolutely z...

Scott A. Olson, co-founder of LTCShop.com and author of "Long-Term Care Insurance NOW!", pulls back the curtain on why using an indexed universal life policy and a chronic illness rider is often a massive retirement trap. He exposes how these non-guaranteed life insurance policies carry hidden risks and extra costs compared to a traditional long-term care insurance policy. Olson challeng...

In this episode, Scott A. Olson breaks down a recent MarketWatch article to clear up common misconceptions about long-term care insurance. He highlights how the author completely overlooked the power of a shared benefit rider, which allows a married couple to secure a larger pool of coverage far more affordably than buying separate policies. Scott also tackles the "use it or lose it" myt...

In this episode, long-term care insurance expert Scott A. Olson argues that asking clients if they would struggle emotionally with spending their assets on care is unhelpful. Most people don't know how they or their family would react when a crisis actually occurs. He explains that decision-making typically defaults to stressed family members, who often default to providing unpaid care themse...

Long-term care insurance (LTCi) expert Scott A. Olson analyzes a financial planner's chart to help individuals determine if they should purchase LTCi coverage. He aligns with the planner's view that both aggressive and conservative investors can benefit from LTCi, using a personal story about his mother-in-law to demonstrate how coverage strategically safeguarded her investment portfolio...

Long-term care insurance (LTCi) expert Scott A. Olson analyzes a financial planner's chart to help individuals determine if they should purchase LTCi coverage. He reviews three specific suppositions from the chart: affordability, spousal age gaps, and family longevity. He notes where he agrees or disagrees with the planner's logic. Olson points out that asset levels, the hidden costs of...

In this episode, long-term care insurance expert Scott A. Olson explains that the decision to buy long-term care insurance is simpler than it may seem. He outlines three key questions people should ask themselves: whether they have assets worth protecting, whether they want to preserve those assets, and whether they are still healthy enough to qualify for meaningful coverage. He emphasizes the imp...

In this episode, Scott A. Olson answers common questions about how elimination periods work, including whether care days can accumulate over time and whether family-provided care counts toward satisfying the waiting period. The episode concludes with important guidance on avoiding costly mistakes during the claims process and why it's important to understand your elimination period before car...

In this episode, Scott A. Olson explains the different types of elimination periods used in long-term care insurance policies. He breaks them down to show how different policies count days toward satisfying the elimination period and why understanding these details can dramatically affect when benefits begin. Welcome to Long-Term Care Insurance Now. Your trusted source for the latest insights, upd...

In this episode, Scott A. Olson explains one of the most misunderstood features of long-term care insurance: the elimination period. He breaks down what an elimination period really is and why insurance companies use the term. Scott illustrates several ways to satisfy a ninety-day elimination period quickly and affordably. Welcome to Long-Term Care Insurance Now. Your trusted source for the latest...

In this episode, long-term care insurance expert Scott A. Olson explains how different health conditions can affect eligibility for the five major types of long-term care coverage available today. He walks through conditions such as severe migraines, elevated PSA, congestive heart failure, stroke history, HIV/AIDS, chronic bronchitis, Alzheimer's family history, aneurysms, implanted defibrill...

In this episode, Scott A. Olson explains the five different types of long-term care policies available today and how various health conditions can impact eligibility for coverage. He shares that underwriting guidelines vary significantly by product type and company. But even individuals with serious health histories may still have viable coverage options. Welcome to Long-Term Care Insurance Now. Y...

In this episode, Scott A. Olson explains whether qualifying for a hybrid (life insurance with an LTC rider) or a traditional standalone policy depends heavily on an individual's specific health conditions. He shares two real client cases in which applicants were declined for hybrid policies but successfully approved for traditional long-term care insurance. The examples emphasize the importan...

In this episode, Scott A. Olson explains that a consumer's complaint about a long-term care insurance claim being paid after 45 days is actually a sign the system is working properly, not a failure. Claims require extensive documentation, such as assessments, medical records, and other supporting materials, which often takes 60–90 days. Unrealistic expectations can lead to frustration, especi...

In this episode, Scott A. Olson explains why consumer complaint ratings for long-term care insurance companies can be misleading. He emphasizes the importance of analyzing the actual complaints instead of taking them at face value. By comparing the relatively small number of complaints to the tens of thousands of claims paid, he argues that insurers' overall performance is often much better t...

In this episode, Scott A. Olson shares a real-life example of how misleading online reviews can derail smart long-term care insurance decisions. After recommending a highly reputable insurer to a client, the client hesitated because of poor ratings on a consumer complaint website. Many similar financially strong insurance companies also had low scores. Are all these companies horrible to their cus...

In this episode, Scott A. Olson addresses common misconceptions about long-term care insurance claims. Despite widespread online complaints, the vast majority of claims are actually paid. He cites NAIC data showing over 300,000 policyholders receive benefits annually and highlights that even companies with poor complaint indexes often have very few actual complaints. Welcome to Long-Term Care Insu...