Should I Buy Long-Term Care Insurance?

Deciding whether to purchase long-term care insurance is difficult. Let's go through the costs, types of long-term care policies, and help set you up to make the decision for yourself. 💲Connect your money to your ideal life: https://kindnessfp.com/connect 💲 ✉️ Subscribe to my newsletter here: https://kindnessfp.com/newsletter ✉️ 📗 Purchase my book about the lessons they should have taught you in school: https://a.co/d/ijqVwpt 📗 👀 To read more, please visit the blog: https://kindnessfp.com/blog 👀 00:00 Intro 00:41 How Much Does Long-Term Care Cost? 01:15 In-Home Care Cost 01:34 Assisted Living Cost 02:07 Memory Care Cost 02:22 Nursing Home Cost 02:44 What are the Odds You Need Help with Long-Term Care? 03:43 How Does Long-Term Care Spending Fit With Other Spending? 04:31 What is Long-Term Care Insurance? 04:54 Types of Long-Term Care Insurance - 3 Types 05:19 Traditional Stand-Alone Long-Term Care Insurance 06:30 Pros and Cons of Stand-Alone Long-Term Care Insurance 07:28 Hybrid Life Insurance with Long-Term Care Benefits 08:27 Pros and Cons of Hybrid Life Insurance with Long-Term Care Benefits 10:00 Annuity with Long-Term Care Insurance Benefits 10:23 Pros and Cons of Annuity with Long-Term Care Insurance Benefits 11:25 How Much Does Long-Term Care Insurance Cost? 11:32 Cost of Stand-Alone Long-Term Care Insurance Policy 12:28 Cost of Hybrid Life Insurance with Long-Term Care Benefits 13:11 When Is A Good Time to Buy Long-Term Care Insurance? 14:06 2019 Stats of Long-Term Care Insurance Application Declines 14:45 Who Should Not Buy Long-Term Care Insurance? 15:52 Should I Buy Long-Term Care Insurance? 17:27 Factors to Consider When Buying Long-Term Care Insurance 19:41 Outro and Disclaimer Disclaimer: https://kindnessfp.com/disclaimer/ #retirement #retirementplanning #taxplanning