2023 EP0401 | Financial Updates | Long Term Care Insurance: 3 Things to Consider Before Buying a Policy

More than 70% of adults who live to 65 will need Long Term Care of some kind! Not only is LTC very expensive, most costs aren't covered by Medicare nor other health insurance plans. As Peter with Richon Planning explains to Erin Kennedy, without proper planning this can wipe out your retirement savings, but before you buy a policy, first, crunch the numbers to determine: -

What is the right age to buy LTC insurance?

-How Much Coverage to Buy

-Should You Consider Other Options, like Permanent Life Insurance?

There's a lot of advanced planning that goes into determining when or whether you should buy Long Term Care Insurance. If you'd like to talk through these options with Peter to figure out what's best for you and your family, please feel free to reach out by calling (919) 300-5886 or by setting up an appointment at www.RichonPlanning.com