Share This Episode
Finishing Well Hans Scheil Logo

Jesus was all about Long-Term Care

Finishing Well / Hans Scheil
The Truth Network Radio
February 9, 2019 8:30 am

Jesus was all about Long-Term Care

Finishing Well / Hans Scheil

On-Demand Podcasts NEW!

This broadcaster has 257 podcast archives available on-demand.

Broadcaster's Links

Keep up-to-date with this broadcaster on social media and their website.

February 9, 2019 8:30 am

John:14 is considered the comfort chapter, saying “And if I go and prepare a place for you, I will come back and welcome you into My presence, so that you also may be where I am.” Jesus has a place for us for long long long term care, we just have to make the decisions now to get into this place in the kingdom.


This week Hans and Robby discuss 3 couples who have recently purchased long-term care insurance products and the different strategies they are using to cover this expense. There is no cookie cutter approach to the way that Christ brings you to your long-term care plan, everyone is different. Most people 65 and over think they are too old for a long-term care plan and there are no solutions, but there are, up to age 90. Here are their stories:


Our first couple, the Pensivanila couple, are younger and still working. They are very concerned about leaving an estate for their daughter, and Hans pointed out a product that would give their daughter an inheritance and cover long-term care if they need it at the same time. Listen to find out why they ended up going a different route.


The second couple, the Ohio couple, are very concerned about long-term care. Most of their money is in an IRA account, so Hans proposed rolling over this money into a product that would  cover this cost.


The third couple, the Indiana couple, was not interested in long-term care until they found out the husband could not qualify due to health issues. Instead of a traditional product, Hans suggested an annuity product with enhanced benefits for long-term care. The best part- this product has no health questions!


Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on for free!


You can contact Hans and Cardinal by emailing or calling 919-535-8261. Learn more at

COVERED TOPICS / TAGS (Click to Search)
old money age religion north christian bible long finance guide retirement Retirement
Finishing Well
Hans Scheil
The Rich Eisen Show
Rich Eisen
The Rich Eisen Show
Rich Eisen
JR Sport Brief
Finishing Well
Hans Scheil

Welcome to finishing well brought to you by certified financial planner belongs child best-selling author and financial planner helping families finish well over 40 years of finishing well will examine both biblical and practical knowledge to assist families in finishing well, including discussions on managing Medicare IRA long-term care life insurance and investments and taxes. Now let's get started. Finishing well. Oh, I'm excited about show on well certified financial planner Hans trial the show and it may sound a little risqu first, but go with me.

Just trust me.

It's titled Jesus was all about long-term care.

I mean, long, long, long term care, long-term care, and when you think about what he said you know a lot of people know that in the Bible John 14 is considered the comfort chapter and in the comfort that's involved in John 14 that you know I couldn't say it any better. Clearly would love to hear how Jesus said, he said, don't let your heart be troubled. Trust in God also trusted me in my father's house right there many mansions if it were not so I would've told if it were not so, what I have not told you and I'm going there to prepare a place for you if I go and prepare a place for you, I will come again and take you there myself, so that where I am you may be also.

And you know the way where I'm going and Thomas said to them master. We don't know where to go and how can we know the way which Jesus replied I am the way, the truth and the life. No one comes to the father except through me. Now Hans, this is huge really think because when you think about truly long, long, long term care. I mean he is got a place for us and if will make the decisions right and and act on those decisions to get into the kingdom and begin to invest in that kingdom. You know that it's the sooner the better. Right will absolutely what we're going to talk about today is really three clients that have just come into my world and their doing plans with us and they really come as a result of the show in which this is different because it through the podcast so the three different clients, all in either 50s or 60s couples and their two of them are listening to, let's say in the tens up in the 20s and 30s of number of episodes that they listen to one of the guys is going backwards and as you and I have discussed this off-line data shows. If you go to the podcast the last will be first the first will be laughed at mature yet me for some reason that show how that's showing up with some Asian guy came here from Hong Kong, 15, 20 years ago and I think it's over 20 years ago and there couple successful professionals, very devout Christians, and are listening to the show and picking up the show and I'm still a little unclear how it showed up people in Ohio are the same thing guys listening to the show old older podcast of it day by day as he is writing the worker writing back in Columbus Ohio when he found I'm not exactly clear how he found the podcast and I got the same thing going on with some people in Indiana so it's it's like the Lord is doing his work up there. Hammond went out yeah set along those lines kissed you might guess, the today show might be about long-term care and the Jesus was all about long-term care but speak specifically to that. I'm sure in your life.

It's a different story and how you came to Christ and maybe your wife's life or maybe her kids life.

If he does it different is no cookie-cutter approach to the way that that Christ brings you into your long-term care plan set. You know he he he went about it in the way you invest in your long-term care plan is probably completely different than anybody else to do and so you know it's it we saw some real diversity in these three different stories that we can talk about today and the fact that you know it's really there's a lot to be learned from the diversity means there is and before we get into these three stories. I'd really like you. This year the story you just shared with me a few minutes ago about 52 weeks ago or thereabouts. You were just thinking everything's fine and everything that your parents are fine. You didn't have any idea what you're going to be going through so what have I guess I'm I want my honest yeah well you're right that a year ago we started finishing well and you know I was excited to be part of a financial show that had to do you know with this book in a the card. The complete Cardinal guide to planning for living in retirement and I read the book and not yet. This is all very interesting but didn't really see all that application to me. But in the Lord's time and clearly the next thing I know with my father's hell you know I am living almost everything that I'm experiencing from it. You know all the seven worries that you can find of the seven were stabbed. I went directly last three or four weeks, navigating Social Security, Medicare and supple all my goodness survive Ben with Medicare and supplement, not mine, but my dad's long-term care and believe me I understand stuff about that that I never would've guessed life insurance postretirement investment income taxes go seven worries. Next thing I know I was in a crash course on all the stuff and I couldn't help but note how God it just like he's provided the podcast for the people up there in the in the in the corn belt he he provided you Hans for me right here right now to. As we walked through the stuff it it becomes alive for me. I understand how these are things that really affect my dad affect my wife affect her know my kids all that's involved. When you mentioned the healthcare power of attorney mean a lot of things we get into estate planning a big part of what we want to help you plan for and sensing God wants you to help you plan for for your whole family is that period of time before you pass away before your state you things when the will takes effect prior to that we can have years where there is really some planning needs to go on so your family doesn't end up in crisis, and you live there personally with the healthcare power of attorney as you have siblings, and at that moment in time. Everybody has an opinion and it's nice to know you know kind of how it's planned out and how it can be handled when those things come down yeah so you know it is in my own story is that is Robbie and I have talked a lot about the way God comes after different people in different ways as you were mentioning and with different solutions different vehicles with the place to get all the Hans is through my work, my work is my life so it's through doing this radio show and just this really the Bible study that it's become that that is really enlightened me and I'm able to help other people. So let's let's let's get on with the topic. So yeah, it's absolutely that he is been preparing this place for us and here we are. Yeah, just in modern times we used to be somebody difficult time somebody would get sick and their family would care for them and they would pass away, and comfort them and that still happen sometimes. Now you have months and years sometimes four 567-8910 years where again, your family, now you're getting sick in medical technology just all the things ago on the modern society.

People live. This process doesn't take days anymore. The process of leaving the world.

It could take months and years, and with long-term care planning is is how how do you want to be cared for yourself how how do you want your family to care for you under what circumstances do you want the care at home you want that care and assisted living. Do you are you one of these people that just says just forget the whole thing on my medical quickly mean how do you want the care delivered to you and how do I let me just say okay I am 6 foot five and I weigh 235 or 40 pounds, begot my dad is only six wanting to this point in time is probably down to hundred and 50 but I have in the recent days had to try to lift him to get him either in or under stretching out help you know, get them back into a chair or those kind of things. No no no no eat. You think you're going to do this on your own when when you're in your family gets really really sick now and it doesn't work just doesn't work you do you think you can do it I would've surely thought I could do it but now is to stop and have wonderful home healthcare now could be brought into your home and it's now reasonable and practical for a lot of people used to go to a nursing home used to go to an assisted living that that is now a choice many many cases you can choose that you want to be cared for at home.

Now you need to bring in professionals to do that, you can expect your family to do this 24 seven want your family there 24 seven want and praying with you, feeding you, loving you. You don't want them lifting up and giving you pass unless they absolutely have to integrate assets. It's a lot different than I would've never guessed. When you're actually in the midst of it and you know it's amazing to me when the professionals come. Six. Looks like you ways know, maybe hundred 50 and he could handle my dad like there's no tomorrow. Just as I do. So the three stories which working get into the nuts and bolts of them after the break. I think it's just noteworthy how these folks came to us and they came to us because of this radio broadcast. They clearly used to think when I get calls of afar. They were through my from my book and my books are still available. All three of these people have read the book but they came to us first through the podcast were through. I guess iTunes and were very grateful for all those listing a podcast follows a list of the broadcasts we want to mention again that what we talked about today is long-term care. You can download that chapter the book right there at the website Cardinal guide you to guide him after Cardinal Cardinal go to seven worries tab in the PDF will be there again. The book the complete Cardinal guide to planning foreign living in retirement. The show certified financial planner Hans Schild is finishing well in the podcast are all available right there and finish it. Cardinal they are and you can if you want a paper copy of the book, you can surely get it on Amazon or digital copy but if you just go on there and see you or listen to the show and you go on to our website Cardinal and tell me you want to book leave us your address and the certain right will be right back with more today ship of Jesus really was all about long long-term care. We hope you are enjoying finishing well brought to you by Cardinal visit Cardinal for free downloads of preview shows including episodes about Social Security and Medicare, IRAs, long-term care, life insurance, investments and taxes as well as Hans best-selling book, the complete Cardinal guy to planning for and living in retirement. Plus the accompanying workbook. If you want to follow along with today's topic download free PDF had Cardinal by going to the seven worries tab of today's show topic, just scroll down to useful documents once again for free resources shows go to get Hans book the complete Cardinal to planning for and living in retirement or the workload go to you have a question, comment or suggestion for future shows.

Click on finishing well radio show and send us a word. Once again that's Cardinal Cardinal now finishing well brought by Arnold Hans and I would love to take our show on the road to your church and Sunday school Christian or civic group. Here's a chance for you to advance the kingdom through financial resources and leveraging Hans expertise and qualified charitable contributions veterans aid and attendance IRAs Social Security care and long-term care. Just go to Cardinal and contact to schedule a live recording of finishing well at your church Christian or civic group contact Tomczyk Cardinal that's Cardinal welcome back to today show on finishing well Jesus was and is he really is all about long long-term care and in our houses. Many mentioned he's he's eased providing a place for you, but I'm thinking it's custom you not just that there is there is no cookie-cutter approach and and talking about these individuals that you talk to your recently act out. There's a lot to learn, both in the similarities and the diversity will yeah and what all three of them have in common is the whole families understood all six of three couples.

They all have in common zero under 65, which gets me thinking about solutions for long-term care for people that are under 65. With so many of our clients are right at 65 or older and were talking to them about long-term care and a lot of them think but there's nothing for me. We have solutions for people all the way up to 90 to make this situation of needing long-term care paying for it better for you financially. So let's talk about so the plot folks don't like me using their name on the air so will refer to them as the Pennsylvania couple.

The Ohio couple in Indiana, okay, so the Pennsylvania couple couple of folks that came here from Hong Kong. They met in church in Hong Kong and they have almost 18-year-old daughter. Their very devout Christians, they found the radio show he's listen to me tell me. 34 of him so far but the books he likes to show better than the books he feels he learned more from it.

The stories that there is I look through their whole financial situation you know you could make an argument that they've got enough money to pay for long-term care if it happens to them. Certainly he wasn't making an argument, and I'm not because I think even people that have the money should really do some effective planning for it.

Regardless, it just makes sense now.

He came to me about long-term care and that's that that's his opening thing and in the process of data processing all his life insurance policies for him thinking that I'm an attorney's life insurance policies into life insurance. It also pays for long-term care and when I was all prepared for that. When we showed them some alternatives. EE, stop me nieces I don't want to do anything with those he says I calculated that this particular life insurance policies can be worth if my wife lives 200 and then passes away. It's going to go to her daughter almost $2 million. So he he's mostly that alone he says we have other money that working we want to look at some options with long-term care and the process is this, I learned some of this might be their culture as well is very is very important to leave a nice estate to their children to their one daughter, and I think that's completely biblical that we would leave resources to our family to continue to invest for them to invest in the kingdom. Oh yeah and I as I explained to him that's can be important to her as well.

When she receives this with this long-term care is potentially can be even more important because she's going to be the one responsible for the both you and when and if you need I and they're both in excellent health. So that was the beauty of their situation right if I'm not mistaken if there down in their 50s, early 50s, where it is very affordable. He's 55 she's 51 very affordable and so I immediately went to one of the solutions that we have for people, which is a second to die life insurance policy for $1 million and now it's not gonna pay off the million dollars to them until the second one dies so it's a survivorship policy, but that's perfect for them because they want to leave money to their to their daughter and then this million dollar policy.

This particular company allows you to split the million dollars up in half and have 1/2 $1 million of long-term care coverage on each of the husband and wife.

So in other words, as they both live a long life. Never use long-term care. The second one passes away. The daughter gets a million bucks, but sailor going along in the first one gets sick at 80 and he uses up $400,000 of his 500,000 for long-term care then he dies this. There's no payment beyond the long-term care gates can pay that 400,000 surveys getting his death benefit her death benefit early and then maybe she uses no long-term care and she passes away at some later date. Then the daughter she's going get $600,000 so I thought was thinking he was really going to like this because you know it's gonna it so it's it's $1 million insurance. It seems to me at the premium was about $10,000 a year can never go up to 500,000 long-term care coverage on each of if you never use it.

It gives the million bucks. Writer airs. These folks have very high income so there in a position to do something like this. But as we get talk and he, he, runs the numbers on the whole thing and as we can talk and he's not that concerned about the death benefit because he's not already done so much estate planning directed toward her.

She said this long-term care is to pay a benefit for us and how we can went full-circle and we ended up on traditional long-term care insurance and that's the recommendation that we just sent to where he has only a 10 year premium is he was a little concerned about the $10,000 a year going on into retirement, they could get up into their 90s and hundred and have difficulty with this the traditional long-term care that I prepared for them only has a note has as a premium for 10 years so he can pay this awfully still working and it really has no refund.

If you don't use it at death, but when in the whole circle. So let's move on to the Ohio couple so the Ohio couple, they found us through the show and going through them.

They're not as well-off as they get the coupling Pennsylvania still pretty raw from they've accumulated most of their money is in retirement accounts and so where were going with the long-term very concerned about long-term care read the book they listen to the show there in and so were able to just go right down one of the solutions and where they're going to end up is using some of their IRA money to rollover into a single payment.

It doesn't need to be a large percentage of their IRA money simply because we can put husband-and-wife on the same policy on the second to die.

Things I don't really want to explain the details of it, but it's a it's unlike the first guy don't have a premium anywhere near that amount that he was looking at and were just can use a lump of their retirement money and a small premium after that to give him some security with long-term care again that the beauty of that is making the decision not one of the duties of his similarly, they are not in a seven years old. Try to make this decision. There 63 and 62 yeah and so the youth, the younger you start the planning and of the and and think about that. Biblically, you know, the Sunni come to court you turn your life over, you begin to turn your your everything over to him that the more life you get out of life really concede you know he is the way and the truth and the life. That's what it and that's the way to the father so so yeah looking at this stuff dealing with it.

Making provisions, the younger you are, the better you know in my world. I consider somebody in their 50s and early 60s young kiss. I want to move on to the Indiana guy in the Indiana guy and couple of very nice gospel couple, and they've listen to a number of the podcasts as well about the books and this guy's all three of Marv this guy especially is a real numbers guys systems guy Jan he unfortunately at 61 years old has Parkinson's and it's just the early onset of it, but it's still there and he wasn't that interested in long-term care insurance until I told him that he could buy it really just about anybody just because that question is one of the first questions on every one of these things, and he also had a small stroke. This guy just retired so he's dysfunctional enough that he's been working in his can enjoy several years of nice retirement at some point he's probably going to need a good Medicare and so it really came to me a few days after this the solution for him which we talk about is we have some annuities that have no health questions that have enhanced benefits for long-term care and I can try to get into explaining these are just a few minutes left in the show but it simply means you put aside a set of money, an amount of money and you let it accumulate and then it sets up a future income that guaranteed and then if you needed long-term care either one of them did the amount of money that pays you by the month or by the year doubles for up to five years will you need long-term care so very smart move for him and we have a few choices in that department and it also met a need. He's got a pretty sizable IRA, 401(k) money, and it is also can provide some security and some safety because a lot of that is invested at high risk so he's going to get some diversification inside of his portfolio investments by just segmenting some of this money into an annuity that has long-term care benefits and get that with no health questions as you can see there's a lot of diversity in everybody and that's the beauty of of having resources which are right there Cardinal you can see were easy way to contact Tom's yourself, download you know today's chapter on long-term care Nina listen to the podcast. However, you know you can find in about just like he tended to give me this information needs to did you not listen by accident. It is tuned in to give you this information to all it Cardinal We thank you so much Philistines dysfunctional bonds. Thank you. We hope you enjoyed finishing well brought you by Cardinal visit for free downloads of the show or previous shows on topics such as Social Security, Medicare and IRAs, long-term care, life insurance, investments and taxes as well as constant best-selling book, the complete Cardinal guy for planning for and living in retirement and the workbook once again for dozens of free resources past shows get Hans book go to Cardinal. if you have a question, comment or suggestion for future shows. Click on the finishing well radio show on the website and send us a word. Once again that's Cardinal Cardinal

Get The Truth Mobile App and Listen to your Favorite Station Anytime