Long-Term Care: Your Financial Planning Guide [Paperback]

Shelton Phyllis (Author)

Book Description

Publication Date: May 1, 2001

Consumer text provides information on how to design a strategy for long-term care planning. Includes data on financing, various insurance policies, reverse mortgages, Medicaid, and Medicare. Also contains updated directories of insurance departments, aging and health agencies, and Medicare/Medicaid divisions. Softcover.

--This text refers to an alternate Paperback edition.

Editorial Reviews

Review

We're likely to live longer, but can we afford to live comfortably? The answer is yes - for your parents and yourself - if you plan appropriately. Phyllis Shelton's advice about long term care planning can make all the difference for your entire family. --Terry Savage, Chicago Sun-Times Financial Columnist --This text refers to an out of print or unavailable edition of this title.

About the Author

Phyllis Shelton is the President of LTC Consultants, a Nashville-based company that she founded in 1991 specializing in long-term care insurance sales training, consumer education and marketing materials. She is widely considered to be the leading long-term care insurance sales trainer in the country. Phyllis organization has trained nearly 65,000 agents via live or web-based training and her company has conducted training programs for 10 of the top 15 LTCI insurance carriers. Her newest online training venture, LTCiTraining.com, was developed to meet the new, mandated NAIC/DRA Partnership producer training requirements in all states. Phyllis was profiled in Senior Market Advisor as one of the top ten professionals in the long-term care insurance industry nationally and has spoken to literally every major industry group including MDRT s Top of the Table. Phyllis spoke at the June 2009 MDRT annual conference in Indianapolis and recently received the distinguished LIFE Foundation Client Service Award at the 2009 NAIFA convention. Her full page client story was featured in the September 14, 2009 edition of Newsweek magazine. Phyllis is a frequent contributor to industry publications such as Financial Services Advisor, Life Insurance Selling, California Broker, Financial Planning, and National Underwriter and authors the consumer book, LONG-TERM CARE: Your Financial Planning Guide (LTCi Publishing, 2008). She has been featured extensively in the Wall St. Journal and appeared in a two-hour PBS documentary on caregiving. She has presented on Wall St. as well as CNNfn and National Public Radio. She is a consumer reference for such publications as Kiplinger s Personal Finance Magazine and her interviews include USA Today, Business Week, Consumer Reports, Money, Smart Money, Bloomberg Wealth Manager and National Public Radio. Ms. Shelton speaks nationally on the tremendous financial impact of long-term care and the incredible marketing opportunity for agents who make the commitment to get in on the cutting edge of the fastest growing insurance product in the nation. While sharing the main platform at the annual NAILBA conference with former U.S. Senator Bob Dole, she was regarded as the most prolific speaker/trainer in the long-term care insurance marketplace. Phyllis passion for the long-term care industry is unparalleled. Her motivational message has been delivered to over 8,000,000 Americans. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Paperback: 286 pages
• Publisher: Kensington (May 1, 2001)
• Language: English
• ISBN-10: 1575666413
• ISBN-13: 978-1575666419
• Product Dimensions: 8.8 x 5.8 x 1 inches
• Shipping Weight: 14.4 ounces
• Average Customer Review: 4.0 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #3,111,937 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

4 of 5 people found the following review helpful:

2.0 out of 5 stars Initial dissapointment - 2 stars for now, March 4, 2006

By 

S. Frainier "rfrainier" (Oakland, CA USA) - See all my reviews
(REAL NAME)   

This review is from: Long-Term Care: Your Financial Planning Guide (Paperback)

I know next to nothing about long-term elder care, so I bought this book as an introduction. I have just started reading it (I am through page 71) and it is introducing a number of terms and concepts that appear to be very useful. However, I was startled by the sloppy financial analysis example on page 66. Entitled "Pay Now or Pay Later", it has the tone of sales material from a provider of long term elder care insurance.

The example compares a hypothetical client #1 with a hypothetical client #2. The unfortunate client #2 has not bought inflation protection. The example "demonstrates" that client #2 will be far behind client #1 in the first and all subsequent years of needed care. The premium dollars client #2 "saved" over 20 years appear to have been buried in the ground, as not a single additional dollar of investment earnings from the reduced premium is subsequently credited to client #2. This example is biased towards a recommendation to buy inflation protection through the unrealistic investment behavior of client #2. Someone familiar with the insurance industry should know about the added value of a annuity-like stream of dollars over 20 years.

I will post an updated review when I am further along in my reading ...

0 of 1 people found the following review helpful:

4.0 out of 5 stars Detailed and Informative, September 1, 2005

By 

Frances E. Murray "Raconteur of the Trivial" (Alexandria, VA) - See all my reviews
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Amazon Verified Purchase

This review is from: Long-Term Care: Your Financial Planning Guide (Paperback)

This is a very detailed report on what happens when you get ill later in life and Medicaid or Long Term Insurance are necessary. The book has a great deal of facts, but is somewhat hard to follow and very complicated - just like Medicaid actually is. If you want to prepare yourself for very possible situations in your (or your parents') senior years - this is the book for you. Just make sure you have enough time to read and understand it.

1 of 3 people found the following review helpful:

5.0 out of 5 stars Awesome Book -- A Must Read For Every Baby Boomer, November 30, 2005

By 

Stephanie Sims "Stephanie" (Florida) - See all my reviews

This review is from: Long-Term Care: Your Financial Planning Guide (Paperback)

This book is excellent, and opens your eyes to the very real possibility of encountering a serious 'health event', now, or in years ahead, and with no plan for financing this near certainty. As a nation, we mistakenly have believed that Medicare or Medicaid will be there for us. WRONG! Phyllis Shelton is leading the pack in helping to cast light on this all important subject. This book can arm you with the right questions to ask, and the right direction to look. You won't be disappointed.