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Do I Really Need Long Term Care Insurance?
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(972) 417-2855
(619) 850-5835
You might be thinking, "I know I should have long term care insurance but I don't want to waste my money on premiums if I never need it. Is there another way?"
About 40% of people age 65 will need long term care at some point during their lifetime. The average cost for a nursing home stay is about $74,000 a year. Conventional long term care health insurance requires you to "use it or lose it." A better alternative is a life insurance policy with long term care benefits, if you need them.
One great way to do this is to move the money from a CD into a single-premium life insurance policy. This will give you access to the cash value of the policy to pay for the long-term care, if it is needed. If you never use the long-term care benefits, the life insurance proceeds pass on TAX-FREE to your heirs.
Contact us today to talk more about how this might work for you.
(619) 850-5835
You might be thinking, "I know I should have long term care insurance but I don't want to waste my money on premiums if I never need it. Is there another way?"
About 40% of people age 65 will need long term care at some point during their lifetime. The average cost for a nursing home stay is about $74,000 a year. Conventional long term care health insurance requires you to "use it or lose it." A better alternative is a life insurance policy with long term care benefits, if you need them.
One great way to do this is to move the money from a CD into a single-premium life insurance policy. This will give you access to the cash value of the policy to pay for the long-term care, if it is needed. If you never use the long-term care benefits, the life insurance proceeds pass on TAX-FREE to your heirs.
Contact us today to talk more about how this might work for you.
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