He is a 61 year old successful doctor and his 49 year old wife managed the practice. They are a good team. But they were aware of the age difference and the likelihood that he would be needing expensive long term care in the next 20 years or so. What if he burned through all their money? How would her life change with limited income and drastically reduced assets? Recognizing the risk, I worked with them and they purchased a long term care insurance policy to protect their money and secure her well-being and a happy ending to their story.
The moral of the story: the Benefit of Long Term Care Insurance: Don’t burden your family
Don’t become a burden to your family and use up all your money paying for care out of pocket. Plan well. Talk to an expert: www.calendly.com/jimbetter