Group vs Individual Long Term Care Insurance

Long term care insurance planning, an area that many do not really want to talk about. There’s a certain inevitability that we often ponder when this subject comes to the surface. I find it to be one of the areas that cannot be overlooked, especially considering our fiduciary duty. Some folks have an opportunity to perhaps do some of the planning for this event through their employer. There’s pros and cons in pursuing and employer-sponsored plan, as I discussed in the video. The primary focus has to do with health underwriting, surprisingly long-term care is purchased with your health and paid for with your cash. One’s current health is a strong focus when considering long-term care planning. Having an employer sponsored opportunity may help get simplified underwriting and solve that issue.

About Paul Nichols

Paul is the founder of Financial Abundance, a Registered Investor Advisory firm and EDI, an Estate Planning Firm with offices in State College and Lewisburg. He has been working with individuals, families and businesses for over twenty years, including many Fortune 500 companies. He has educated tens of thousands of people through seminars, workshops and various international speaking engagements where he shared the stage with many notable individuals such as Ronald Reagan, Robert Kiyosaki (author of Rich Dad, Poor Dad), Mike Ditka, General Schwarzkopf, and Newt Gingrich to name a few.

In 2000, after many years of traveling to consult companies and individuals, Paul decided to relocate from Colorado to State College, PA (his wife’s hometown) to develop a local advisory firm.

Paul operates under the core belief that education plus understanding leads to clarity and confidence; resulting in peace of mind. He is a proud father of three and devoted husband of 20 plus years.

Some of Paul’s accomplishments:
Regular contributor to the Centre Daily Times, via the “It’s Your Money” blog
Featured in the movie Navigating the Fog of Investing
Regular contributor to Town & Gown as the publications Investor Coach
Host of the weekly iTunes Podcast, It’s Your Money
Member of the Western PA Better Business Bureau
Member of the Centre County Chamber of Business and Industry