On This Episode:
One of the big questions that needs to be addressed in retirement planning is how will you be taken care of later in life. Most people don’t want to think about long-term care when they’re young and healthy, but it could be one of your biggest expenses in retirement. Many retirees plan by getting long-term care insurance but is that something you should consider as well?
Ryan breaks down the basics, benefits, and common questions surrounding long-term care insurance. Discover the importance of incorporating long-term care into your retirement plan and learn about the different types of care, costs, and how to determine if you need coverage. This episode is packed with valuable insights to help you make informed decisions about your future.
If you’ve wondered at all about LTC coverage, today’s video should provide you with a great breakdown to help you better understand your options in the future.
Key moments:
0:00 – Intro
2:01 – Benefits of having Long-Term Care Insurance
4:40 – Different types of Long-Term Care
6:13 – LTC costs
8:13 – Qualifying for coverage
9:31 – Does everybody need LTC insurance?
11:58 – When to look at getting a policy
14:55 – Drawbacks to LTC insurance
Resources:
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