Using LTCi To Fill Potholes Down the Road

Play Video

“I had a client who sold his business for $32 million dollars and asked him, why do you want to buy a long term care insurance policy? You could buy a nursing home if you wanted to. He looked at me very seriously and said Ron, I’ve always been able to look down the road and see potential potholes. And if I can see those potholes before I get there and fill them up, I feel a lot more comfortable and a lot more secure knowing that problem has been taken care of.”

– Ron Cohen

Welcome to The Insurance Experts, a weekly spot for planning stories and strategies that matter to you. Need help with long term care planning? Learn about LTC on our free consumer webinars. Schedule a meeting here to learn more.

On today’s episode of The Insurance Experts, I interview long term care insurance expert, Ron Cohen. Ron got into the business many years ago after his father had a stroke. He discovered Medicare wouldn’t cover his father who needed to go into a nursing home. He realized that there must be millions of Americans across the country facing the same situation where a loved one needs long term care and they are surprised to find themselves paying the cost out of pocket.

Medicare does not cover most long term care services.

Luckily, Ron has helped clients throughout the years develop customized long term care insurance solutions.

Watch the video as Ron shares the story of a high net worth client who recently sold his business. While clients and advisors often assume that if you have more than 5 million or 10 million dollars of assets that insurance is not necessary, it can be just the opposite. Long term care insurance can provide a foundation to support or hedge a self-funding plan and fill potential potholes down the road.

Join The Community of LTC Planning Experts at

BuddyIns is a community of long term care insurance specialists. We are dedicated to helping families across the country with customized LTC planning solutions.

You Might Also Like

Traditional LTC or Hybrid – Why Not Both?

, ,

BuddyIns CEO Marc Glickman interviews long term care insurance specialist, Sivea Key. Sivea works in a financial planner’s office providing senior insurance solutions. We discuss a unique story of a mom and her daughter that are working on a holistic plan for mom. The reality of long term care and the 44 Million caregivers in […]

Read More >

Teachers Protect Their Life Savings

Renowned LTCi expert Scott Olson tells the story of two clients, both teachers, who were looking for a way to protect their special needs son and their assets.

Read More >