Ep 2: Long Term Care Part 2 - Alternatives to Traditional Solutions

Are You Retirement Ready?

We are halfway through long-term care awareness month. We’ll be finishing up our conversation on long-term care today and discussing some alternative solutions for those looking to pay for long-term care. Most people want to stay at home if it ever came to them receiving care, how will you pay for this? The insurance world is starting to transition giving people more options. When signing up for long-term care or life insurance we’ll calculate your risk and the insurance company will dictate how much money you pay to your policy. However you plan to save for long-term care, it’s important that you discuss your options with your advisor. Join us today as we discuss the value of long-term insurance, annuities, guaranteed lifetime payments, and more!

Helpful Timestamps:

2:34 – Thanksgiving is coming up!

3:45 – Would you like to stay at home?

7:31 – Cash value and payouts

8:07 – How do you get started?

9:15 – Guaranteed lifetime payments

12:20 – Client investing in an annuity

13:12 – Question: What is a contingent beneficiary?

Website: https://www.nationalretirementgroup.org/podcast

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