Perspective on Long Term Care Insurance
People with money don’t need Long Term Care Insurance.
Wait.
When I look at the economic status of my clients, many of them could easily afford to pay for their care out of pocket. So why do they want to buy insurance: Leverage!
Case in point. One of my recent clients has a net worth north of $10 million and income in the high six figures. He said to me that ‘he got rich by using other people’s money. Long term care is expensive’, he said, ‘and let an insurance company pay the bills.’
He knew that, statistically, there is a 91% chance that either he or his wife will need help as they age
What really tuned it for him was the kind of policy that guarantees to pay off. If he or his wife needs care, the policy will pay for it. If neither of them needs it, the policy pays out like a life insurance policy.
When you are ready to talk to an expert for a perspective on Long Term Care Insurance and how to leverage its security during life’s transitions and challenges, schedule a call: www.calendly.com/jimbetter. Find more resources in our blog.