Until recently, there have not been many options to pay for long-term care (LTC) costs. Some people may be fortunate enough to self-fund their care or purchase a traditional long-term care policy from an insurance company. Even then, the cost of the premiums could be quite high if the plan is started later in life. Today, the costs of long-term care are astronomically higher than previous generations, and there are less traditional LTC policies being offered by insurance companies.
What are the alternatives? If you have not researched today’s annuities or life insurance with long-term care riders, it is worth your time. Products with these riders have the potential to protect and grow your cash value while offering ongoing income payments with the added protection of long-term care benefits.
What are the alternatives? If you have not researched today’s annuities or life insurance with long-term care riders, it is worth your time. Products with these riders have the potential to protect and grow your cash value while offering ongoing income payments with the added protection of long-term care benefits.
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