Search found 315 matches

by pintail07
Thu Jun 28, 2018 3:14 pm
Forum: Personal Consumer Issues
Topic: Used Hearing Aids
Replies: 8
Views: 605

Used Hearing Aids

Has anyone bought used hearing aids, if so where and experience.
by pintail07
Wed Jun 27, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: This is ridiculously expensive LTCi, right? Or maybe not?
Replies: 78
Views: 4234

Re: This is ridiculously expensive LTCi, right? Or maybe not?

All you have to do is complete a lost policy form and they will mail to her.
by pintail07
Tue Jun 26, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: This is ridiculously expensive LTCi, right? Or maybe not?
Replies: 78
Views: 4234

Re: This is ridiculously expensive LTCi, right? Or maybe not?

More than likely what happened was they had a large rate increase and offered you options of how to minimize these increases and reducing the benefit period was one. The company CANNOT change the terms of the contract unless you agree to it.
by pintail07
Sun Jun 24, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: This is ridiculously expensive LTCi, right? Or maybe not?
Replies: 78
Views: 4234

Re: This is ridiculously expensive LTCi, right? Or maybe not?

A new policy for her, same benefits:
10 pay premium 25,000
If you want to reduce payments, reduce daily benefit, benefit period and or reduce inflation benefit. Before making a decision have agent run different options.
by pintail07
Sat Jun 23, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1388

Re: LTCi option - whole life w/ Continuation of benefits rider

I am purchasing the Asset Care I from One America, it covers 2 people, paying whole life premium plus 10 annual payments for the rider than it is paid off. You can buy it so that it depletes the whole life benefit within the first 2 years (that is at 0% inflation) than the unlimited LTC benefit kic...
by pintail07
Sat Jun 23, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 7
Views: 1402

Re: Long term care insurance

You should investigate the annuity/ltc hybrids. I recently had a client with medical issues that couldn't get traditional or the life/ltc plans and was issued on the annuity. Warning, if you apply for the hybrid / life with one america and get denied then apply for the annuity/ltc they will deny tha...
by pintail07
Tue Jun 19, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1388

Re: LTCi option - whole life w/ Continuation of benefits rider

At a minimum I would recommend 3% inflation. In addition, the first two years of claims the benefit is the original benefit not with any inflation. That could be a substantial outlay. Initially when I reviewed these products this disadvantage was never explained. When I brought it up to company reps...
by pintail07
Tue Jun 19, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1388

Re: LTCi option - whole life w/ Continuation of benefits rider

Going to be in for a big surprise when you or spouse goes on claim in 20 or 25 years with these policies. Make sure you understand.
by pintail07
Tue Jun 19, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1388

Re: LTCi option - whole life w/ Continuation of benefits rider

You can fund from an IRA, I rarely recommend that option if there are other funding choices.
by pintail07
Sun Jun 17, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1388

Re: LTCi option - whole life w/ Continuation of benefits rider

For the same benefit with a 180 day waiting period and a 3% inflation rider, lifetime benefits assuming good health annual premium of 4500.
by pintail07
Sun Jun 17, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1388

Re: LTCi option - whole life w/ Continuation of benefits rider

Your broker should be aware and explain to you all options. He should explain the advantages and disadvantages and run multiple scenarios on each option to show total out of pocket costs, that is what my clients expect of me and you should as well. Don't do anything until you fully understand the pa...
by pintail07
Sat Jun 16, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1388

Re: LTCi option - whole life w/ Continuation of benefits rider

Is the annual adjustment the inflation rider? How old are you and your spouse? Ask the broker what the annual payout would be if you went on claim in 25 years and stayed on claim 3 years? You need to compare with a traditional policy that offers lifetime benefits, only one is available. You might be...
by pintail07
Fri Jun 15, 2018 5:07 pm
Forum: Personal Consumer Issues
Topic: Long Weekend in November - NOLA, Austin, Other
Replies: 26
Views: 1315

Re: Long Weekend in November - NOLA, Austin, Other

Nashville is fantastic that time of year and has everything you like. If you choose and want a great fishing guide to fish Percy Priest, inside Nashville City limits, let me know the stripers will be on fire.
by pintail07
Tue Jun 12, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: long term care insurance
Replies: 113
Views: 5814

Re: long term care insurance

I would take all comments on any forum with a grain of salt. I have stated many times on this forum that I am a long term care broker. My point is the poster vilolates forum rules of solicitation by referring folks to his website. I do sell both traditional and hybrid policies. I find most folks don...
by pintail07
Tue Jun 12, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: long term care insurance
Replies: 113
Views: 5814

Re: long term care insurance

So your name isn't SAO? Maybe the moderators can check this out, soliciting is frowned on. Are you not a long term care broker?
by pintail07
Tue Jun 12, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: long term care insurance
Replies: 113
Views: 5814

Re: long term care insurance

Ok, lets assume ltc inflation is the same as your policy's inflation 5%. Assume you go on claim in 25 years. Assume claim lasts 3 years, how much extra out of pocket costs will you incur due to no inflation other than the continuation of benefit rider?
by pintail07
Mon Jun 11, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: long term care insurance
Replies: 113
Views: 5814

Re: long term care insurance

Hubris, have you run the numbers on how much extra you will owe if you go on claim in 20 or 25 years? Big number i bet your agent never explained.
by pintail07
Sun Jun 10, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: long term care insurance
Replies: 113
Views: 5814

Re: long term care insurance

Isn't this your website,
https://www.ltcshop.com/

At least admit you are mostly a long term care insurance broker.
by pintail07
Sun Jun 10, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: long term care insurance
Replies: 113
Views: 5814

Re: long term care insurance

Hubris, does your policy compound inflation benefit on just the continuous of benefit portion or on all benefits?
by pintail07
Tue May 22, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 83
Views: 8072

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

I think to often folks dismiss the viability of using insurance for all or a portion of the risk because of the dismal history, mostly for policies issued before 2004, of rate increases. Insurers have changed their underwriting and investment projections on their newer policies.
by pintail07
Tue May 22, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability Insurance
Replies: 6
Views: 428

Re: Long Term Disability Insurance

You may qualify for additional individual coverage, talk to a broker that specializes in Disability.
by pintail07
Sat May 19, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 83
Views: 8072

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

Even those with the ability to self insure, a long tail yearly claim of 100,000 in today's dollars for 10 or more years is a very tough pill to swallow.
by pintail07
Wed May 16, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 6535

Re: Would you send your children to private school in my situation?

We sent one of our children to a great religious private school and the other to a magnet school. The magnet school was hands down the best education.
by pintail07
Sat May 12, 2018 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on building a timeless mens wardrobe?
Replies: 68
Views: 5544

Re: Advice on building a timeless mens wardrobe?

I buy all suits and sport coats and shirts custom made. Below is a link to great shirt tailor with incredible prices, have some of their shirts that are 10 years old:

BestCustomShirt.com
by pintail07
Wed May 09, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance Question
Replies: 4
Views: 703

Re: Disability Insurance Question

Before taking the supplement, I suggest checking with a disability broker and see if you qualify for an individual policy that always stay with you. Individual policies will use the after tax benefit when determining what you could qualify.
by pintail07
Sun May 06, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 45
Views: 3596

Re: Long term care insurance

The two companies are National Guardian Life and One America. The One America is a hybrid policy and you better have your agent what really happens when you make a future claim, you will have to pay additional costs. The hybrid work for some but as a broker, if you can qualify, a traditional policy ...
by pintail07
Sun May 06, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 45
Views: 3596

Re: Long term care insurance

If so, what am I missing? One thing to keep in mind is that the cost of LTC varies a lot depending on where you are are at so you may need to plan for it a lot differently if you are in a high or low cost area. https://www.genworth.com/aging-and-you/finances/cost-of-care.html I live in Georgia wher...
by pintail07
Sun May 06, 2018 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 45
Views: 3596

Re: Long term care insurance

A good broker can get an informal offer from many companies. We have a questionnaire that we have completed and then send it to 5 or 6 companies and have a tentative offer in a few days.
by pintail07
Fri May 04, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care facility - shielding some assets for the kids
Replies: 37
Views: 4023

Re: Continuing Care facility - shielding some assets for the kids

If they are currently starving artists, maybe they should redirect their lives so they don't have to depend on their parents. They will always be starving until they learn to stand on their own.
by pintail07
Tue May 01, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy
Replies: 29
Views: 2860

Re: Whole Life Policy

One thing to consider is if we stay in a low interest rate environment, WL dividends will decrease as the insurance company's reserve bond investment mature. Older bonds with higher interest rates will no longer be able to prop up current dividends paid. In addition, the interest tail will take a lo...
by pintail07
Tue May 01, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another person wondering: keep long-term care insurance or not?
Replies: 29
Views: 2356

Re: Yet another person wondering: keep long-term care insurance or not?

Don't underestimate the cost for home care. My brother had a stroke last year and is receiving home care at a cost of about 12,000 per month. Thankfully his LTC insurance covers about 10,000 of the cost.
by pintail07
Mon Apr 30, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle a request for money from a niece?
Replies: 89
Views: 7219

Re: How would you handle a request for money from a niece?

If your mom is competent 100 gift may make her happy. My parents are 90 and children and grandchildren are always going for help, drives me crazy but is their money to with as they please. However, if she is not competent your no is the answer, case closed.
by pintail07
Wed Apr 25, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to be a good executor to family
Replies: 44
Views: 3646

Re: How to be a good executor to family

Interesting thread as I am named executor in 90 year old parents estate. Three other siblings and estate is several million with real estate and oil interests. I am the oldest and semi retired but reluctant to accept this role without being compensated because it will be a long time consuming job.
by pintail07
Wed Apr 25, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy
Replies: 29
Views: 2860

Re: Whole Life Policy

One option is to 1035 into LTC hybrid policy if you desire to insure for LTC.
by pintail07
Wed Apr 11, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting Against Disability with SAHM?
Replies: 19
Views: 1084

Re: Protecting Against Disability with SAHM?

Read their policy very carefully. There is a reason no other companies insure folks with no income.
by pintail07
Wed Apr 04, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in syndicated real estate deals
Replies: 11
Views: 1088

Re: Investing in syndicated real estate deals

I was in a brokerage firm in the 80's that did a bunch of these partnerships and they mostly were profitable deals for the investor. However, dig very deep on the General Partner. Dig very deep on who the previous owners of the property were. The last few deals I saw the GP was involved as a previou...
by pintail07
Sun Mar 11, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7605

Re: Another "Should I self-insure" for LTC Question

Let's say the LTC plan covers $300,000 worth of LTC costs. With a dollar for dollar match from a state partnership approved plan, there would be up to $300,000 in additional benefits....$600,000 in total. ...one dollar of additional benefits for every dollar of insurance benefits used. Are you sure...
by pintail07
Wed Mar 07, 2018 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7605

Re: Another "Should I self-insure" for LTC Question

People who sell insurance always know how to push all the right emotional buttons. From what I’ve read, OP posted, no inflation rider and this policy is worth less than $300k today, more increase every year and it will be worth less. Personally if this were me, I would get my premium back. Self-ins...
by pintail07
Tue Mar 06, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7605

Re: Another "Should I self-insure" for LTC Question

Over the last 25 years there is one common denominator with those that choose to purchase long term care insurance, they had personal experience with friends or family that needed care. They witnessed those that had insurance and how thankful they made that decision and those that didn't and wished ...
by pintail07
Mon Mar 05, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care: Excellent Morningstar article [75 Must-Know Statistics About Long-Term Care]
Replies: 23
Views: 2817

Re: Long Term Care: Excellent Morningstar article [75 Must-Know Statistics About Long-Term Care]

Much harder in most states to get approval for rate increases. Many believe the miscalculations on underwriting these policies have been addressed, not to say there won't be future rate increases, but much less perhaps. One can often avoid these rate increases by opting to make 10 payments then no f...
by pintail07
Mon Mar 05, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care: Excellent Morningstar article [75 Must-Know Statistics About Long-Term Care]
Replies: 23
Views: 2817

Re: Long Term Care: Excellent Morningstar article [75 Must-Know Statistics About Long-Term Care]

These statistics are from tracking nursing home stays and claims. 80% of claims are for home care, one may stay at home for years before requiring nursing home care.
by pintail07
Mon Mar 05, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7605

Re: Another "Should I self-insure" for LTC Question

First of all your monthly, daily and annual and lifetime benefit is NOT stuck at 450,000 max benefit, it increases at 5% per year. Additionally, if you went to the open market and bought a similar benefit policy and assuming preferred rates your annual premium would be around 15,000 per year. An ass...
by pintail07
Thu Mar 01, 2018 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: LTC funds running out and 31,000 in investments
Replies: 11
Views: 1160

Re: LTC funds running out and 31,000 in investments

So do you wait till funds are depleted then seek a medicaid bed open? Might not be one available where he might want to go. Why not use the home equity to get a bed close and then when funds run out they usually make a bed available. Who stands to inherit his sheltered 300,000? Does he have a family...
by pintail07
Thu Mar 01, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: LTC funds running out and 31,000 in investments
Replies: 11
Views: 1160

Re: LTC funds running out and 31,000 in investments

Put the house on the market, use those funds to private pay at the facility chosen, should cover three years or so of expense.
by pintail07
Sun Feb 25, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 8052

Re: Long term care insurance

There are traditional policies with unlimited benefit periods. It really depends on what state you reside as to if they are available. Yes I do sell LTC most agents don't really understand the policies available and how they can be utilized. These policies also can be structured to return your premi...
by pintail07
Wed Feb 21, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 8052

Re: Long term care insurance

LTC policies are one of the biggest sucker purchases out there. There are other legal ways to get around i. Find a good estate/asset protection attorney and protect yourself with a trust and you will get LTC free in almost any state. You must be joking? So your plan is to go Medicaid for your care....
by pintail07
Wed Feb 14, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 318
Views: 26305

Re: free dinner investing seminar

I've had a few clients that attended one of these dinners and they peaked their interest in guaranteeing lifetime income, this is what most dinners are talking about that I have witnessed. I ask them for the information and then show them what immediate annuities offer, always better. That being sai...
by pintail07
Tue Feb 13, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 318
Views: 26305

Re: free dinner investing seminar

I have attended several of these dinners over the years and free lodging and meals for a time share spill. I have always been courteous and listened to the presentations and asked questions then declined any follow up. Never a problem.
by pintail07
Thu Feb 01, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Indexed Universal Life Question
Replies: 15
Views: 1308

Re: Indexed Universal Life Question

As an old mentor use to tell me about insurance illustration projections, the only thing this proves is that paper takes ink. Never base anything with insurance based on anything but guarantees. I am a 38year veteran of the business and would never ever recommend this product.