Thursday, July 19, 2018

Signs That You Didn’t Set the Right Goals

The owner of KK&B Financial Services for Seniors, Brad Liebe offers life insurance, supplemental insurance, annuities, and many other products to seniors. In addition to his work as a financial services provider, Brad Liebe works as a motivational speaker for Rick Olson Seminars and talks about such topics as goal setting.

Below are several signs that the goals you’re working toward aren’t right:

They’re too easy
Goals that are too simple for you to complete will not keep you engaged for very long. The same is true of goals that are too difficult. Ideally, you want to set goals that require you to go slightly out of your comfort zone, while still being based on the skills, strengths, and resources that you already have.

They feel like a chore
Working toward a goal shouldn’t feel so unpleasant that it becomes a chore. Rather, good goals drive you to accomplish them. Sometimes goals feel unpleasant because you never really cared about them when you set them. Other times, goals become mundane after you’ve worked on them for a bit.

They’re not specific
Many people think their intentions are the same as their goals, but this isn’t the case. A goal is specific. It creates a measurable difference in your life and can help you hold yourself accountable if you don’t accomplish it. When a goal isn’t specific enough, you won’t know whether you’ve accomplished it or not.

Thursday, July 12, 2018

How Traditional and Asset-Based LTC Plans Differ

The owner of KK&B Financial Services, Brad Liebe helps seniors reach their retirement goals using numerous financial services. Through his business, Brad Liebe offers such products as asset-based and traditional long-term care (LTC) insurance.

Traditional LTC policies are simpler than asset-based LTC policies. They work like regular car or homeowner insurance in that the premium disappears if you don’t need the insurance. These types of policies do not build any value that can be passed down to heirs unless policyholders set up a return of premium feature when creating the LTC policy. This feature provides heirs with some value if the policy is never used.

Also known as hybrid policies, an asset-based LTC policy combines long term care support with a death benefit for heirs. These types of policies are usually more expensive than traditional LTC policies and have an up-front fee of from $50,000 to $100,000 per person. In most cases, funds for an asset-based LTC plan are typically taken from an existing asset, so it’s recommended that people have a net-worth of at least $750,000 to ensure they have enough assets to cover the cost of the plan.

Once an asset-based LTC is set up, policyholders can enjoy premiums that never increase, along with a death benefit that is paid out to a beneficiary when the policyholder passes. They can also cancel their policy and get their premium returned to them.