Many people ask me about Long Term Care Insurance. I finally have a truly sensible answer. It’s called Asset-Based Long Term Care Protection.
–
Ray Leroy
Long Term Care Solution
Many people ask me about Long Term Care Insurance. I finally have a truly sensible answer. It’s called Asset-Based Long Term Care Protection. This is where you take a portion of your savings or retirement account and invest it in a plan that, depending on your age at the time you invest, will provide 2-3 or 4 times its value in long term care payments, should you ever need it.
There are no high premiums. You always retain control of your funds. If you never need long term care (and many don’t) your original investment will pass on to your heirs. Some plans even provide an option to start taking an income while still providing some long term care protection. The important thing to remember is that your funds remain yours, as an asset, at all times until it is paid to you or your heirs.
There are several companies offering these plans, but there are significant differences among them. As an independent broker, I represent a number of these companies and plans. My only interest is in finding the specific plan that best fits your needs and goals.
If you have had concerns about the high cost of long term care, call me, or message me and I will call to discuss your particular situation. I look forward to hearing from you.
