Very good comments. I see a great need for LTC. I think Insurance companies are going to come up with more enticing and more affordable alternative options f LTC. Just watch and see.
This sounds really great as far as your Minimum distributions. The only thing that worries me about these things, is the company? How good is there care?? But, I will keep listening. thanks
You mentioned that each payment of 6,990 while in a facility will reduce the Death Benefit.. what about the annual $25,000 income amounts, do they reduce the death benefit each year also by 25k? Thanks.
Very good comments. I see a great need for LTC. I think Insurance companies are going to come up with more enticing and more affordable alternative options f LTC. Just watch and see.
This sounds really great as far as your Minimum distributions. The only thing that worries me about these things, is the company? How good is there care?? But, I will keep listening. thanks
Doesn’t appear to adjust for inflation. Might be better off investing in a high dividend fund & buying life insurance separately.
You mentioned that each payment of 6,990 while in a facility will reduce the Death Benefit.. what about the annual $25,000 income amounts, do they reduce the death benefit each year also by 25k? Thanks.
@@pauld9653 counts toward RMD. Many use this strategy. Thanks for watching. Hans
Judging from the average balances of peoples retirement accounts just dropping 200k to fund long term care isnt an option for 90% of the population.