You Might Be Too Late for Long Term Care Insurance

Your chance to get reasonably priced long term care insurance may be just about gone. Here's why...

For a long time, those of us in the industry believed that long term care insurance premiums were not indicative of the risks faced by insurers.

Insurance companies became increasingly worried about these risks and began selling their long term care books of business to larger insurers or simply stopped accepting new business while serving their existing clients.

The companies that stayed in the business increased rates, bought other books of business and increased their rates. And in the past 5 years, premiums have REALLY increased with the large insurers.

This begs the question - is long term care insurance still an affordable, viable planning tool for a proper comprehensive financial plan? If not, why not, and what other options exist?

That's what I discuss here.

If your financial plan isn't comprehensive enough and lacks a long term care planning component, get in touch with me and maybe my team can get you where you need to be. My intake form is here:

Thanks for watching!

Concepts mentioned in this video:

Remember to 80/20 Your Money (and your entire life!) If you are an entrepreneur or a successful corporate exec who longs for an independent lifestyle, you know it helps to have advice and counsel from people who have done it. As an independent advisor who has never had a "job," I know what it takes to run your own show and be independent; to set yourself up financially in a way proper for a successful entrepreneur; to be truly free.

Warmly,

Chris Grande, MSIM, CFP®, RMA®
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Note:

My articles and videos are meant to be educational and not specific advice. I assume my readers are big boys/girls and understand that, but in today’s climate I have to tell everyone again anyways – people might do something dumb and go hurt themselves! (like stick a fork in an electric socket or something – don’t do that!). Consult a qualified advisor before attempting financial strategies that you don't fully understand.

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