Long-Term Care Insurance | Financial Strategy

Long-Term Care

Long-term care insurance allows you to maintain your independence and afford quality care

Long-term care (LTC) goes beyond medical care to include all the assistance you could need if you ever have a chronic illness or disability that leaves you unable to care for yourself for an extended period of time (longer than 90 days).

While older people generally require the most long-term care services, a young middle-ages person who has suffered a debilitating illness or accident may also require care. The first step when meeting regarding setting up a long-term care policy is to loop in an estate attorney and/or an eldercare agency to start preparing a strategy. We need new clients to bring in a list of assets and current income and we take it from there.

Long-Term Care Protects your Family's Future

The need for long-term care can come without warning. The benefits of having a plan in place are endless.

Independence

Long-term care insurance allows you to maintain your independence and afford quality care, and it also helps you reduce the financial and psychological stress that a long-term care event can impose on your family.

Security

Long-term care insurance protects your assets. Our advisors also have access to numerous estate attorneys, paralegals and eldercare agencies that all specialize in this area.

Ease Stress

Planning is important because when there is a need for long-term care this can put an enormous emotional and physical strain on your loved ones.

Schedule a COMPLIMENTARY Long-Term Care Strategy Meeting

Ta-Check Financial: The Financial Experts of Northeast Ohio

Ta-Check Financial is a family owned and operated business that has been providing strategic, personalized tax and financial guidance to local individuals and businesses for over 20 years.

We're Local

We have three locations in the Cleveland area: Strongsville, Fairview Park and Parma.

COMMUNITY ORIENTED

Our offices are very involved within our community - sponsor local sports teams, charity golf outings and non-profit volunteering.

DEPENDABLE

Trust. Honesty. Integrity. We believe values matter, and we live by ours every day.

Frequently Asked Questions

If I am healthy, what planning should I do now?
If you're currently in good health, you want to make sure that you have the cornerstone pieces in place and that is the proper documents, the financial power of attorney, the living will and the medical power of attorney, critical pieces to have in place now that you're healthy. In addition, you might be able to look at certain long-term care insurance products that would help pay for care as the future unfolds.

When should I start planning for my long-term care needs?
Planning for long term care needs really comes as you start thinking about retirement. Many of us may not retire until we’re 70 years old but we do want to start entering the conversation in our mid-60s because we have good health typically. And so there’s going to be a number of insurance products that could be available to pay for long term care if we have that good health.

Am I already protected because I have my assets in a trust?
If your assets are in a revocable trust, you actually don’t have any protection because that type of trust is primarily used to avoid probate. And in fact, we have a recent Ohio Supreme Court decision that has made it an issue relative to the house being in a revocable trust and that is no longer considered exempt. Typically, the house would be exempt if there was the spouse and the community residing there. However, if it is in a revocable trust, it would lose that exemption.

Is there a charge for my initial consultation?
No. Your initial consultation is COMPLIMENTARY.

This information is not intended to be a substitute for individualized legal advice. Please consult your legal advisor regarding your specific situation.

More Questions? Schedule your COMPLIMENTARY Long-Term Care Strategy Meeting

Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.

Schedule your COMPLIMENTARY Long-Term Care Strategy Meeting and Download your FREE Long-Term Care Planning Guide

Enter your information below to schedule a complimentary one hour Long Term Care strategy session with one of Ta-Check’s financial advisors. You’ll also receive a free long-term care planning guide!

During your session we will work together to help you determine your needs, set goals, and develop a strategy plan. We will go through our fact finding process and loop in an estate attorney and/or an eldercare agency to start preparing a strategy.

Resources

HOW MUCH DO YOU REALLY KNOW ABOUT EXTENDED CARE?

The average person might have difficulty answering those two questions, for the answers are not widely known. For clarification, here are some facts to dispel some myths.

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FACTS ABOUT MEDICARE OPEN ENROLLMENT

Years of experience have prepared us to guide you through your life transitions.

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