Long Term Care Insurance Options in Retirement
In this Episode of the Secure Your Retirement Podcast, Radon and Murs sets the stage for the next two episodes, which will dive deeper into long term care options.
Listen in to learn about the changes in long-term care insurance over the past 20 years and why traditional policies are becoming less common. Discover alternative long-term care solutions, such as hybrid policies that combine life insurance or annuities with long-term care benefits, and understand the pros and cons of each approach. This episode provides a high-level overview to prepare you for more detailed discussions in future episodes.
In this episode, find out:
\xb7 The issues with traditional long-term care insurance policies.
\xb7 How hybrid policies involving life insurance and annuities can help with long-term care.
\xb7 The pros and cons of long-term care insurance options.
\xb7 The role of underwriting in long-term care policies.
\xb7 How to evaluate whether to self-insure or buy long-term care insurance.
Tweetable Quotes:
\xb7 \u201cLong-term care planning isn\u2019t fun to talk about, but it\u2019s essential if you want to secure your future.\u201d \u2014 Radon Stancil
\xb7 \u201cThere are alternatives to traditional long-term care insurance, and it\u2019s all about finding the best fit for your needs.\u201d \u2014 Murs Tariq
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.