Using Annuities for Long-Term Care Expenses - A Case Study on Dave Ramsey Advice
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- Опубликовано: 28 авг 2024
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Annuities can be a game-changer for covering long-term care expenses, even if traditional long-term care insurance is out of reach. Join us as we delve into real-life client stories and explore why annuities may be a solution.
➡️ Learn about common challenges in obtaining long-term care insurance, from underwriting issues to failed medical exams.
➡️ Explore a case study of how an old whole life insurance policy was leveraged to secure an annuity for long-term care coverage.
➡️ Discover why annuities could be a viable option for individuals facing increasing long-term care expenses, even when traditional insurance isn't an option.
Join us as we debunk myths and uncover solutions to navigate the complex landscape of long-term care expenses. If you're seeking practical strategies to safeguard your future, this video is a must-watch.
It’s not about the product… it’s about what you want to achieve. And sometimes an annuity can solve the problem
Thank you for the insight!
I’m dealing with my Dad’s LTC policy now and it’s frankly a pain in the arse because it’s a premium based policy and the insurance company sets up many road blocks to pay out because they make a ton of money if he dies quickly and doesn’t use it much if at all. I think an asset based policy like a cash value life insurance with a LTC rider or an annuity like this would be much easier to deal with because the insurance company is going to have to pay out either to the insured or their heirs.
Very professional as always. I can’t believe how many churches alone listen to severely outdated an misdirected opinions from Ramsey co.
In the example you gave, did the couple surrender the cash value life insurance policy to roll the cash value into the annuity product?
Why is the account value and total account value decreasing every year instead of increasing before the $120,000 payout in year 6 begins. Why is there no interest being earned on the money and it's actually being decreased in value. It is just sitting there decreasing until year 6 when you're finally removing money and then it just goes down to zero account value in year 8. Im used to seeing annuities earning money in their account value.
Annuities are transfer of risk products, lifetime monthly income sounds awesome.
Dave Ramsey is truly a misinformed dinosaur! And he regularly calls people stupid which is very offensive in my opinion
I can see why you would be offended.
His crap hasn’t been updated in 30 years, and a lot of it is bad advice
3 years zero return Thats the problem I have.
so excitement in your voice!! looks good to sell.
500K invested for 10years with 7% ROR will be at 1M. But annuity has just 600K withdrawn (year 6 to 10). So who got the benefits? Agent like you.? LOL
I don’t think you were listening bud, go back to the beginning of the video.
Yea with a 6 year defer my money says they are both dead before they are ahead on payments received vs having investing $500k today.
Most annuities have death benefits for whatever isn’t spent. So if they both do die within 6 years their heirs would just get the money.
Can i do it with mine?have whole life,$99 k cash value, benefit $250k. Age 58 and have sugar n bp
like to hear dave ramsey's rebuttal
Yes,..never say "never"
Are you a financial advisor or an insurance salesman? There is a difference.
Yes, a CFP® - Certified Financial Planner.
@@CashValueLifeInsuranceReviews
Is that a certificate you have? I looked it up, and seems like a valuable certification.
Dave R,...the original Dinosaur primerica agent