These are some interesting tips for people who own or are thinking of buying Long-Term Care Insurance.
The only thing I will stress and disagree with is……..This is not expensive insurance. First of all if you compare the cost of the insurance versus the cost of care in the future or even today, the total cost of insurance would be a year or less than the amount you would have spent on your care.
Also, you should pay for it annually. Everyone talks about how much the monthly premiums are. I don’t want to affect my client’s lifestyle by adding to their monthly expenses. I want to protect their lifestyle. So, I get most of them to pay annually out of an asset. Protect not affect lifestyle…..I like that!!
Here is the article. Check it out.