If you are among the 8 million Americans with long-term care insurance, you may have noticed your premiums climbing higher and higher. You’re not alone. Long-term care insurance premiums have been rapidly increasing for seniors across the country.
What options are available if you can’t afford these premiums? How can you still protect your assets? While LTC insurance can still be an option for those who are healthy and can afford it, alternatives such as asset protection trust planning may make more sense for many individuals.
At AlerStallings Elder Law Firm, we take great pride in helping people protect their hard-earned assets through advanced planning and asset protection trusts. Those that don’t plan often see their net-worth dwindle down to nothing. Utilizing an asset protection trust can allow an individual to protect these assets from future long-term care costs.
If current long-term care insurance premiums are higher than what you’re comfortable paying, remember that other options are available. Give the experienced attorneys at AlerStallings a call to set up an asset protection evaluation today!