Long-Term Care Insurance Now
Welcome to Long-Term Care Insurance Now. Your trusted source for the latest insights, updates, and expert guidance on long-term care insurance. This show aims to break down everything you need to know to make informed decisions about protecting your future.
Hosted by Scott A. Olson, CLTC, a nationally recognized expert with over 25 years of experience in the field. His work has been featured in the New York Times, among other national and trade publications. Scott has helped thousands of individuals and families navigate the complex world of long-term care planning.
Episodes
111 episodes
Chronic Illness Rider Traps! Don't Buy A Policy with an Unknown Benefit Amount
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 ...
Chronic Illness Rider Traps! The Hidden Flaws Your Financial Advisor Doesn't Understand (2 of 4)
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 car...
Chronic Illness Rider Traps! The Risks of Using Life Insurance for Long-Term Care (1 of 4)
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 n...
"I’m 55, married and want a $1.5 million long-term care policy."
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 ma...
The Psychology of LTC Planning
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 cr...
Debunking LTCi Planning Myths - Part 2
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 ca...
Debunking LTCi Planning Myths - Part 1
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 ga...
Three Questions to Ask Before You Buy LTCi
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...
Elimination Period FAQs
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 conclude...
How Many Types of Elimination Periods Are There?
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 unders...
Understanding Elimination Periods
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...
Can You Get LTC Insurance with Migraines, HIV/AIDS, or Alzheimer’s?
In this episode, long-term care insurance expert Scott A. Olsonexplains 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 m...
Can You Get LTC Insurance with Cancer, Diabetes, or Bipolar Disorder?
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 pro...
Are Hybrids Easier to Qualify for than Traditional Policies?
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 whi...
Dissecting a Long-Term Care Insurance Complaint
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 ...
The Truth About LTC Insurance Complaints (What Ratings Don’t Tell You)
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...
How to Spot Misleading Insurance Company Ratings
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 rat...
Looking at Long-Term Care Insurance Complaints
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 re...
Debating Traditional vs Hybrid LTC Insurance (Part 2)
In this episode, Scott A. Olson reviews a recent Wall Street Journal article on hybrid life and long-term care insurance policies. He explains the key features and challenges, and addresses common misconceptions. Through real client examples, S...
Debating Traditional vs Hybrid LTC Insurance (Part 1)
In this episode, Scott A. Olson explains that the debate between traditional long-term care insurance and hybrid policies is often filled with half-truths and critical omissions. He emphasizes that neither option is inherently better than the o...
Long-Term Care Is NOT End-of-Life Care
In this episode, Scott A. Olson explains that while Medicaid often becomes the default for long-term care after people spend down their assets, it doesn't have to be. He emphasizes that long-term care is not end-of-life care, but rather ongoing...
Why Have Rate Increases Changed? (Part 2)
Watch the full version of this episode on YouTube.In this episode, Scott A. Olson dives into the rate increase history of Bankers Life and Casualty using a powerful new database from the Califo...
Why Have Rate Increases Changed? (Part 1)
Watch the full version of this episode on YouTube.In this episode, Scott A. Olson explains how consumers can use California's new searchable database to review the rate increase history of long-...
How to Find Long-Term Care Rate Increase History in Your State
Watch the full version of this episode on YouTubeIn this episode, Scott A. Olson explains how consumers can use California’s new searchable database to review the rate increase history of long-t...
The Best Kept Secret in Long-Term Care Insurance
Long-Term Care Insurance expert Scott A. Olson explains that many elder law attorneys spend their time handling crisis situations for families who failed to plan ahead for long-term care. He emphasizes that every long-term care plan should incl...