Buy Long-Term Care Insurance or Self-Insure?

In the Your Money, Your Wealth® podcast episode #213, Joe Anderson, CFP® and “Big Al” Clopine, CPA answer this voice message from Tom in Colorado, sent via “Hi my name is Tom. My wife and I are both in early 60s. I’ve been reviewing long term health care policies and they don’t really seem to offer a lot of coverage, and I wondered what the analysis is – what kind of financial analysis, in terms of whether I should purchase long term care insurance or just self-insure that and invest the money to have it there for if and when it’s needed. We have enough assets to self-insure, but I’m not sure that’s the wisest thing to do and I’m trying to evaluate this risk. Thank you so much, I appreciate you taking my call.”

Listen for more:

Read the transcript and show notes or listen to the full podcast:

Source: Your Money, Your Wealth Podcast

Related Posts:

Cost of Long Term Care Cannot Be Ignored

The 2015 Cost of Long-Term Care Services Tool

Ready to get started? Call us at 603-964-2020.

Pin It on Pinterest