Have you protected your assets from the greatest financial threat you face in retirement, the high costs of extended care? What happens to families with no protection from this risk? What excuses do people give for not taking action and protecting their assets?
What plan do you have now?
Right now most people don’t have a plan at all. Some have traditional long term care insurance policies, and others have personal funds set aside for extended care expenses.
What’s wrong with that?
Whether you think they have a plan or not, you have a plan. No plan is a plan. That means you will use your own money until it runs out and you go on welfare (known by the fancy name Medicaid), leaving nothing for your spouse and children.
Many people have two problems with traditional long term care insurance policies: 1) “The rates may go up”; 2) “What if I die and never need to use my policy? I don’t want to waste my money. “
Even wealthy individuals often do not leverage their funds as much as they could.
What’s the solution?
Linked-benefit life insurance policies allow you to use your policy to pay for extended care expenses. The rates are guaranteed to stay the same and your money can never be wasted since the full benefit is always paid to someone: to you if you require care or your children and grandchildren if you don’t.
You have the ability to protect your assets from the greatest threat they face in retirement; by using your life insurance policy for extended care expenses; so you don’t have to worry about rate increases or “wasting” hard-earned dollars.
