Do YOU Need Long-Term Care Insurance? [Video]

If there’s one thing that can throw off a great financial and retirement plan, it’s the cost of long-term care. Do you know if you can afford to self-insure for long-term care? How might this affect your family? Learn how to determine if long-term care is needed, and what your coverage options are.

0:00 Introduction
1:15 What Is Long-Term Care?
1:53 What Does Medicare Cover?
2:19 Why Would I Need Long-Term Care?
2:53 Key Statistics
3:29 A Woman’s Risk
4:02 The Cost of Care
6:21 LTC Analysis
6:44 Tips to Avoid Insurance
7:30 Qualifying for Insurance
8:02 Traditional LTC Policies
9:16 Reimbursement vs. Indemnity
10:02 Flaws of Traditional LTC Policies
10:20 Hybrid Policies
12:24 An Epiphany

Sources:
https://www.genworth.com/aging-and-you/finances/cost-of-care
https://www.aplaceformom.com/senior-living-data/articles/long-term-care-statistics
https://www.morningstar.com/personal-finance/100-must-know-statistics-about-long-term-care-2023-edition

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Opinions expressed herein are solely those of URS Advisory. All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your financial adviser or qualified professional before making any financial decisions.

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