On this episode of My Money Is Safe, Greg Elie and Patti Jaynes focus on long-term care as “catastrophic insurance” most retirees lack, citing that about 70% of people turning 65 will need some form of paid or unpaid care, with typical stays of 2.5 years for men and 3.5 years for women and annual costs now often $66,000–$80,000 for home health or assisted living and $112,000–$130,000 or more for nursing-home care.

They stress that Medicare covers little custodial care, Medicaid generally requires near-poverty assets, and traditional long-term-care policies are use-it-or-lose-it, while family caregiving can exhaust both money and the caregiver’s health. Solutions they describe include annuity-style accounts with income “doublers” that can temporarily double guaranteed lifetime payouts for care needs, hybrid products that turn a lump sum into both cash value and larger long-term-care and death-benefit pools, and their PSLIP (Properly Structured Life Insurance Plan), which can provide living-benefit access to the death benefit for care while remaining a win-win if unused.

They invite listeners facing these risks to call 1-800-297-5755 or visit MyMoneyIsSafe.com.

On this episode of My Money Is Safe, Greg Elie and Patti Jaynes focus on long-term care as &ldquo;catastrophic insurance&rdquo; most retirees lack, citing that about 70% of people turning 65 will need some form of paid or unpaid care, with typical stays of 2.5 years for men and 3.5 years for women and annual costs now often $66,000&ndash;$80,000 for home health or assisted living and $112,000&ndash;$130,000 or more for nursing-home care.
They stress that Medicare covers little custodial care, Medicaid generally requires near-poverty assets, and traditional long-term-care policies are use-it-or-lose-it, while family caregiving can exhaust both money and the caregiver&rsquo;s health. Solutions they describe include annuity-style accounts with income &ldquo;doublers&rdquo; that can temporarily double guaranteed lifetime payouts for care needs, hybrid products that turn a lump sum into both cash value and larger long-term-care and death-benefit pools, and their PSLIP (Properly Structured Life Insurance Plan), which can provide living-benefit access to the death benefit for care while remaining a win-win if unused.
They invite listeners facing these risks to call 1-800-297-5755 or visit MyMoneyIsSafe.com.

Greg Elie has been serving clients and retiree’s since 1990. He is licensed in life and health insurance in the states of South Carolina, North Carolina, Florida and Tennessee. Greg is well respected in the financial industry as a Complete Advisor. Being able to help Americans save taxes and reduce their risk in their retirement portfolios is what Greg specializes in. He has helped hundreds of clients’ have a more prosperous and less stressful retirement by showing them how to safely protect their assets from nursing home, medicaid, inflation and the ups and downs of the stock market. Greg offers support to clients by providing educational workshops for civic and church groups as well as other nonprofit organizations. He has given well over several hundred workshops throughout his career. Greg resides in Greenville and have been together for over 33 years. He has four children and one grand-daughter.

Greg Elie&nbsp;has been serving clients and retiree&rsquo;s since 1990. He is licensed in life and health insurance in the states of South Carolina, North Carolina, Florida and Tennessee. Greg is well respected in the financial industry as a Complete Advisor. Being able to help Americans save taxes and reduce their risk in their retirement portfolios is what Greg specializes in.&nbsp;He has helped hundreds of clients&rsquo;&nbsp;have a more prosperous and less stressful retirement by showing them how to safely protect their assets from nursing home, medicaid, inflation and the ups and downs of the stock market.&nbsp;Greg offers support to clients by providing educational workshops for civic and church groups as well as other nonprofit organizations. He has given well over several hundred workshops throughout his career.&nbsp;Greg resides in Greenville and have been together for over 33 years. He has four children and one grand-daughter.

My Money Is Safe with Greg Elie

Greg Elie has been serving clients and retiree’s since 1990. He is licensed in life and health insurance in the states of South Carolina, North Carolina, Florida and Tennessee. Greg is well respected in the financial industry as a Complete Advisor. Being able to help Americans save taxes and reduce their risk in their retirement portfolios is what Greg specializes in. He has helped hundreds of clients’ have a more prosperous and less stressful retirement by showing them how to safely protect their assets from nursing home, medicaid, inflation and the ups and downs of the stock market. Greg offers support to clients by providing educational workshops for civic and church groups as well as other nonprofit organizations. He has given well over several hundred workshops throughout his career. Greg resides in Greenville and have been together for over 33 years. He has four children and one grand-daughter.