In this episode we interview Brad Breeding the Co-Founder and CEO of MyLifeSite.net. MyLifeSite.net is the premier website for ALL information about CCRCs.
Just a ton of free information for consumers, advisors, even communities, alike. Like the guide to the viability of CCRC's, which I highly encourage everyone to get. It's free folks!
Brad and I discuss the history of CCRC's. The issues they face if they are a not-for profit. And, most importantly, the viability of CCRCs with an aging population. How do you price the fees accordingly to make sure you are well-capitalized to take on the risks inherent with long term care?
The first thing Brad recommends to anyone considering a CCRC is to see if they have an agreement with an actuarial company that provides analysis. If the CCRC does not, how exactly are they pricing future costs?
That is a critical, maybe the most critical, factor to consider when it comes to choosing a CCRC. Will they be there when you need them most?
