Tag Archives: LTC

LTC to Present at Sidoti Investor Emerging Growth Institutional Investor Forum on March 19, 2013

By Business Wirevia The Motley Fool

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LTC to Present at Sidoti Investor Emerging Growth Institutional Investor Forum on March 19, 2013

WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)– LTC Properties, Inc. (NYS: LTC) announced today that management will present a company overview on March 19, 2013 at Sidoti Investor Emerging Growth Institutional Investor Forum in New York. The LTC presentation will begin at 11:20 a.m. Eastern Time. The Company’s presentation package will be available on the Company’s website at www.LTCProperties.com in the “Presentations” section of the “Investor Information” tab for a limited period following the event.

The Company is a self-administered real estate investment trust that primarily invests in senior housing and long-term care facilities through facility lease transactions, mortgage loans and other investments. For more information on LTC Properties, Inc., visit the Company’s website at www.LTCProperties.com.

LTC Properties, Inc.
Wendy L. Simpson
Pam Kessler
805-981-8655

KEYWORDS:   United States  North America  California  New York

INDUSTRY KEYWORDS:

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Source: FULL ARTICLE at DailyFinance

Children's Inheritance First to Go When Paying for Long-Term Care Costs

By Business Wirevia The Motley Fool

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Children’s Inheritance First to Go When Paying for Long-Term Care Costs

Nationwide Financial Survey Also Shows Most Not Counting On Their Children for Support in Retirement

COLUMBUS, Ohio–(BUSINESS WIRE)– Those expecting to leave loved ones an inheritance should not bank on it – especially if they are not planning for long-term care (LTC) costs in retirement. According to a Nationwide Financial survey, about half (48 percent) of those age 50 and over agree that paying for their LTC costs will take away from the money intended for their children as an inheritance, and 43 percent would rather use these funds to cover LTC costs than pass money to their heirs.

“A parent’s legacy to his or her children used to include leaving behind an inheritance,” said John Carter, president of distribution and sales for Nationwide Financial. “However, the escalating costs of health care and lack of proper planning have many Americans hoping just to break even and not be a burden to their children.”

The Harris Interactive poll released today that surveyed 813 Americans age 50 or older with at least $150,000 in income or investible assets revealed that only 21 percent say they have expectations that their children will help them in retirement – including providing physical care and financial support, and letting them live in their homes. Fortunately, nearly four in five (78 percent) Boomers say that they do not expect their children to support them in retirement.

Developing a Plan – Starting Difficult Discussions

While nearly half (45 percent) of respondents have discussed LTC costs with their spouse, only 10 percent have discussed it with their children and only six percent with their parents. Worse yet, less than a quarter (23 percent) of respondents say they have discussed LTC costs with their financial advisor. Respondents indicated that they find it difficult to discuss LTC (35 percent), most noting that the topic is depressing (33 percent).

“Though it’s difficult to start these conversations about seemingly somber topics, families and advisors need to put the difficult conversation in perspective by thinking about the future and how a conversation now can make a situation easier down the road,” said Carter.

Funding LTC

Only one in four (24 percent) of respondents say they currently own LTC insurance, …read more
Source: FULL ARTICLE at DailyFinance

Long-Term Care Insurance Becomes Tougher To Purchase For Women

By Michael Chamberlain, CFP, AIF, Contributor

It’s true that men have always paid more for life insurance then women based simply on the fact that women statistically live longer. A similar pricing structure is about to come to the long-term care insurance industry, only in favor of men this time around, and for the exact same reason.  On average, women outlive men by five to seven years. The older we become the greater the chance that we will one day be in need of Long Term Care (LTC). Statistics show that currently about 70% of the residents who live in a nursing home are women. Women represent almost 80% of all individuals living in assisted living facilities and two-thirds of those receive home care. According to one LTC insurance executive, $2 out of every $3 paid in long-term care claims are for women. …read more
Source: FULL ARTICLE at Forbes Latest