Unexpected Ways to Fund Long-Term Care Expenses

Believe it or not–someone turning 65 today has almost a 70% chance of needing some type of long-term care (LTC) service.1 When you think about it, the odds of being in a nursing home are a lot higher than totaling your car or losing your home to a fire. The cost of care planning is rising, and our population is aging, living longer, and costing us more. While long-term care insurance is one way to fund care planning expenses, it’s not the only option:

  1. Although among the least-used insurance products for LTC benefits annuity-LTC products deliver a lifetime income stream that increases in the event of an LTC need. It’s suggested that pure LTC products are best, but if you’re declined LTC by an insurer, annuities can serve as a healthy backup.2
  2. Life Insurance. Whole, term, or universal life insurance can all be converted into an LTC account. During this conversion, the policy ownership is transferred to an entity that acts as a benefits administrator, who takes on the responsibility of premium payments.3
  3. Qualify for Medicaid. Under the reality that many Americans are simply living longer, this strategy becomes more viable the closer you are to running out of money. The government assesses income and asset levels when deciding who qualifies, so once total assets are low enough, Medicaid will kick in. However, it should be noted that private insurance will likely provide a better quality of life.4

The secret to getting the care you’ll most likely need for the future? Planning today. Call us at 651.414.0016 (Woodbury office) or 715.808.8981 (Hudson office) and we can help you find the best LTC option(s) that best suited for you.

Chicken Piccata

If you’re looking to impress friends and family, but don’t want the hassle of cooking up an elaborate feast, turn to this chicken piccata recipe. Packed with the vibrant flavors of lemon, capers and parsley, this dish is sophistication and skill wrapped up in a deceptively simple recipe. Your guests will be in awe of your cooking skills and you’ll be able to kick back knowing how easy it was to whip up this flavorful recipe.

Here’s what you’ll need:

  • 2 skinless and boneless chicken breasts, butterflied and then cut in half
  • Sea salt and freshly ground black pepper
  • All-purpose flour, for dredging
  • 6 tablespoons unsalted butter
  • 5 tablespoons extra-virgin olive oil
  • 1/3 cup fresh lemon juice
  • 1/2 cup chicken stock
  • 1/4 cup brined capers, rinsed
  • 1/3 cup fresh parsley, chopped


  1. Season chicken with salt and pepper. Dredge chicken in flour and shake off excess.
  2. In a large skillet over medium high heat, melt 2 tablespoons of butter with 3 tablespoons olive oil. When butter and oil start to sizzle, add 2 pieces of chicken and cook for 3 minutes. When chicken is browned, flip and cook other side for 3 minutes. Remove and transfer to plate. Melt 2 more tablespoons butter and add another 2 tablespoons olive oil. When butter and oil start to sizzle, add the other 2 pieces of chicken and brown both sides in same manner. Remove pan from heat and add chicken to the plate.
  3. Into the pan add the lemon juice, stock and capers. Return to stove and bring to boil, scraping up brown bits from the pan for extra flavor. Check for seasoning. Return all the chicken to the pan and simmer for 5 minutes. Remove chicken to platter. Add remaining 2 tablespoons butter to sauce and whisk vigorously. Pour sauce over chicken and garnish with parsley.

Recipe adapted from Food Network5

Fall Golf Tips

Just like that, it’s officially Autumn. As cooler temperatures move in, the fall can be some of the best time to play golf. Here are some tips for getting the most out of golfing during this season:

  1. Walking the course gets the heart pumping and helps you stay warm and loose.
  2. Wear layers. Dress in layers so you can endure the drop in temperature and be able to face any wind and rain that comes with the season.
  3. Use a softer golf ball. It’s a fact that the golf ball doesn’t go as far in cooler weather. Not only do you lost distance in the fall, you can also lose feel. Try using a softer ball.
  4. Consider hand warmers. The cooler temperatures can cause you to lose feeling in your hands. Gain them back by using hand warmers for a better grip.
  5. Be realistic. Fall isn’t always the ideal time to play your best golf, but it’s a good time to relax, practice, and have fun.

Tips adapted from Golf Discount6

Stretches to Complement Your Workout

If you work out regularly, you’re already doing something to take care of your body. But as important as exercise is, it’s equally important to help your body recover. Here are some great stretches that will open up your hips, stretch out your hamstrings, and give your quads some love after a long run or lifting session:

  • Hamstring Stretch. Lay on the ground with your legs straight up. Gently pull one leg toward you until you feel pressure. Repeat with the other leg.
  • Figure Four. Sit on the ground with your legs bent and knees up. Gently rest one ankle on the quad of the opposite leg. If this is too much, straighten one leg on the floor and rest your ankle on your thigh while it’s on the ground.
  • Child’s Pose. This is a common yoga movement, but it can also be a great stretch. Either hold the regular child’s pose with your knees about hip width apart or intensify the stretch by bringing your knees out wider. You should feel it in your inner thighs, groin, and hips.

 Tips adapted from Runner’s World7

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This document is for educational purposes only and should not be construed as legal or tax advice. One should consult a legal or tax professional regarding their own personal situation. Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products offered by an insurance company. They do not refer in any way to securities or investment advisory products Insurance policy applications are vetted through an underwriting process set forth by the issuing insurance company. Some applications may not be accepted based upon adverse underwriting results.  Death benefit payouts are based upon the claims paying ability of the issuing insurance company.


1 http://www.aaltci.org/long-term-care-insurance/learning-center/probability-long-term-care.php

2 http://www.investmentnews.com/article/20171009/FREE/171009944/how-to-pay-for-long-term-care-several-funding-options-exist

3 https://www.agingcare.com/articles/all-ways-to-pay-for-long-term-care-195529.htm

4 https://health.usnews.com/health-news/best-nursing-homes/articles/2009/03/11/4-ways-to-cover-the-cost-of-long-term-care


5 https://www.foodnetwork.com/recipes/giada-de-laurentiis/chicken-piccata-recipe2-1913809


6 https://www.golfdiscount.com/blog/fun-facts/fall-golf-guide-8-tips-for-the-seasonal-golfer/


7 www.runnersworld.com/uk/health/a760484/the-rw-complete-guide-to-stretching-for-runners/


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