Dr. Sabrina Scott discusses the importance of long-term care coverage and the multiple benefits and financial power of asset based coverage versus traditional methods.
DECATUR, GA, February 27, 2019: Dr. Sabrina Scott, co-founder of Red Feather Financial, has posted a new blog on the firm’s website entitled “Asset Based Long-Term Care Coverage Gives You The Power Of Leverage,” in which Dr. Scott strongly encourages people never to consider self-insuring.
Dr. Scott states, “Leverage is something most business people and investors know about and seek to achieve. It is a powerful advantage.” She continues adding, “Yet, as a financial advisor, some very intelligent people I have met talk about how they intend to forego obtaining long-term care coverage because they think either they won’t need it, it’s too expensive or that they have enough assets to cover anything that might happen.”
“I always caution these people to consider a few things,” says Dr. Scott. She elaborates, “First is that no one knows how their life will unfold. Secondly, I share examples of people who were certain their assets would cover any given scenario who were wiped out by long-term care costs. And, even more importantly I then tell them about the power of leverage that asset based long-term care coverage provides.”
“One point I want to be very clear about though,” writes Scott, adding, “is that the value of your assets should have no bearing whatsoever on your decision to obtain long-term care coverage. The wealthiest people in the country wouldn’t think of being without long-term care coverage. And these are people who probably could afford to self-insure, but they wouldn’t dream of not insuring when they can leverage.”
According to Dr. Scott, “Asset Based long-term care coverage gives you powerful leverage. Whenever you can leverage your assets that’s always a good thing. Long term care coverage helps you meet or exceed the costs of care while keeping your assets. It doesn’t make any sense not to leverage when you can.”
The entire blog can be read at http://redfeatherfinancial.com/asset-based-long-term-care-coverage-gives-you-the-power-of-leverage/
About Dr. Sabrina Scott
Sabrina Scott learned about Veterans Benefits and Medicaid when her parents sought legal services for long-term care. Confident she could find ways to preserve her family’s resources and still get access to Government Assistance, Sabrina felt there should be more options than relying on welfare. As a result, Dr. Scott became an investment advisor representative who can make recommendations regarding securities and became licensed in insurance as well. She co-founded Red Feather Financial with Victoria Collier to help those who want to have a plan in place in order not to outlive their resources and who do not want to be a burden to their children.
About Victoria Collier
Victoria L. Collier, CELA founded The Estate & Asset Protection Law Firm to serve the legal needs of retiring individuals. Victoria is also Co-Founder of Red Feather Financial. At both firms WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Victoria was appointed by Governor Perdue to the Georgia Council on Aging, 2010 – 2016 and was awarded Dekalb County Veteran of the Year, 2013. She is the author of 47 Secret Veterans Benefits for Seniors; Paying for Long Term Care – Financial Help for Wartime Veterans: The VA Aid & Attendance Benefit.
About Red Feather Financial
Red Feather Financial is an independent financial advisory firm born with a singular mission: to financially empower our clients and protect their financial future. Most people come to see us because they are worried about having enough money for retirement and long-term care costs. We help by showing our clients how they can leverage their assets in the most tax-efficient and cost-effective ways.