Book Review

An Excerpt From:


Review by Stephen Moses,
President, Center for
Long-Term Care Reform, Inc.


Does the world really need another book on long-term care planning? Given how many have already been published with little impact on the public’s LTC denial, it’s a reasonable question to ask. But here’s a book worth your attention: a new excellent primer on LTC Planning that also tackles the big reason for long-term care financing’s stagnant status quo.

“Long-Term Care Planning: Assuring Choice, Independence, and Financial Security,” written and compiled by Allen Hamm, President of Superior LTC Planning Services, Inc., of Pleasanton, California deserves your attention. We found the information in Part 6, comprised of interviews with financial professionals and industry experts, including me, to be especially insightful.

The opening account of the author’s personal family experience with long-term care is moving and highlights Hamm’s commitment to waking others up to the importance of LTC Planning. So too are the short vignettes sprinkled throughout the book describing the personal experiences of those who have experienced a long-term care need with a close relative.

Hamm’s book is well organized with all the usual chapters on LTC Planning: What is LTC? Where do people receive LTC? How much does it cost? Who pays (or doesn’t pay)? Why worry and plan? When is LTC insurance appropriate? How to choose the right coverage? You know the drill. What’s different and especially valuable, however, is the process he outlines for integrating LTC Planning with financial and estate planning. Hamm created and explains the Comprehensive Planning Approach, a process that evaluates and determines the most appropriate option for you and your family, and then puts your LTC plan in writing. The 7 step approach includes an evaluation of your tolerance for risk.

We particularly enjoyed the “Key Points” summaries at the end of each chapter. Graphically, the book is well laid out with plenty of illustrations, color graphs and charts. Bountiful quotes, many humorous, break the monotony of reading such serious material. For example, Yogi Berra: “You got to be careful if you don’t know where you’re going, because you might not get there.” How apt for LTC: the American public has no idea where it’s going (toward LTC someday) or where it will end up (too often in a welfare financed nursing home) or what to do about it.

Click here to access the book.