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What is Long-Term Care Insurance?
Manage episode 439519581 series 3594497
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One of the big questions that needs to be addressed in retirement planning is how will you be taken care of later in life. Most people don’t want to think about long-term care when they’re young and healthy, but it could be one of your biggest expenses in retirement. Many retirees plan by getting long-term care insurance but is that something you should consider as well?
Ryan breaks down the basics, benefits, and common questions surrounding long-term care insurance.
Key moments:
0:00 – Intro
2:01 – Benefits of having Long-Term Care Insurance
4:40 – Different types of Long-Term Care
6:13 – LTC costs
8:13 – Qualifying for coverage
9:31 – Does everybody need LTC insurance?
11:58 – When to look at getting a policy
14:55 – Drawbacks to LTC insurance
Connect with us:
Web: https://wyzewealthadvisors.com/
Phone: 724-271-7019
Watch the show on YouTube: https://bit.ly/3Ssra3H
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