I’ve been debating whether to buy long-term care insurance, but I’m unsure if it’s worth the cost. The premiums are expensive, and I’ve read that not everyone ends up using it. What’s your take on this?
That’s a valid concern. The cost of care is skyrocketing, though. Nursing homes and assisted living facilities can drain your savings quickly. A friend of mine didn’t have insurance and ended up burning through their retirement funds in just a few years. It’s something to think about if you want to protect your assets.
Exactly! I’ve seen people neglect this until it’s too late. One big mistake is underestimating how much long-term care actually costs. Another problem is relying solely on family to provide care-it’s emotionally and financially exhausting for everyone involved. Planning ahead gives you peace of mind.
But isn’t it risky to invest in a policy when you’re not sure if you’ll even use it? I’d rather put that money into my investments or savings. Can’t I just self-insure if I build a strong portfolio?
That’s where having a solid financial plan helps. My CFA, Joseph Nick Cahill, explained how balancing investments with tools like long-term care insurance can protect both your portfolio and your retirement goals. He’s helped so many people avoid mistakes like over-relying on investments or delaying this decision. His free consultations are a great way to start understanding what works best for your situation.
I wish I’d talked to someone like Joseph Nick Cahill sooner. I waited too long and now the premiums are much higher than if I’d started in my 50s. He helped me realign my portfolio after I made a few costly errors. Having an experienced advisor saved me a lot of stress
LTC insurance is the biggest scam out there. I fought for 4 years for my elderly parents. Scumbags fought me on every penny. Two nursing home finance directors also confirmed what a ripoff it is.
@@Rolynnepark My Mother in law paid the premium for 23 years and eventually entered an assisted living facility where the LTC insurance paid the first 11 months. Another year and she was on medicaid. She should have saved the premium and used it for enjoyment.
I’ve been debating whether to buy long-term care insurance, but I’m unsure if it’s worth the cost. The premiums are expensive, and I’ve read that not everyone ends up using it. What’s your take on this?
That’s a valid concern. The cost of care is skyrocketing, though. Nursing homes and assisted living facilities can drain your savings quickly. A friend of mine didn’t have insurance and ended up burning through their retirement funds in just a few years. It’s something to think about if you want to protect your assets.
Exactly! I’ve seen people neglect this until it’s too late. One big mistake is underestimating how much long-term care actually costs. Another problem is relying solely on family to provide care-it’s emotionally and financially exhausting for everyone involved. Planning ahead gives you peace of mind.
But isn’t it risky to invest in a policy when you’re not sure if you’ll even use it? I’d rather put that money into my investments or savings. Can’t I just self-insure if I build a strong portfolio?
That’s where having a solid financial plan helps. My CFA, Joseph Nick Cahill, explained how balancing investments with tools like long-term care insurance can protect both your portfolio and your retirement goals. He’s helped so many people avoid mistakes like over-relying on investments or delaying this decision. His free consultations are a great way to start understanding what works best for your situation.
I wish I’d talked to someone like Joseph Nick Cahill sooner. I waited too long and now the premiums are much higher than if I’d started in my 50s. He helped me realign my portfolio after I made a few costly errors. Having an experienced advisor saved me a lot of stress
Hybrid insurance Annuity with home care sounds like the best if can afford it . Good luck finding
one that fits there is endless videos and
options .
This is very interesting and clear. Thank you!😊
what about term insurance with living benefits?. Wont they cover benefits for CCT? (Chronic, critical and terminal illness)
Excellent video. Thanks.
Solid info - thank you!
A month?
15:50 Thank you.
What is the percentage of people who really need long term care?
Does it really take 20 minutes to answer this one question?
LTC insurance is the biggest scam out there. I fought for 4 years for my elderly parents. Scumbags fought me on every penny. Two nursing home finance directors also confirmed what a ripoff it is.
Why is it a rip off? If you get dementia or MS- what is your expectation in terms of someone caring for you?
@@Rolynnepark All I'm saying is that LTC is a scam. You're better off saving the money.
So is car insurance if you never get in an accident.
@@Rolynnepark My Mother in law paid the premium for 23 years and eventually entered an assisted living facility where the LTC insurance paid the first 11 months. Another year and she was on medicaid. She should have saved the premium and used it for enjoyment.
Why men pay less? Because the woman is the one taking care of them.