Wednesday, June 17, 2015

Why People Don’t Buy Long-Term-Care Insurance


1) LTC is ASSET PROTECTION (10-15k/mo. + inflation = eats assets fast).

2) LTC is usually added to life insurance today = gain pays entire premium + grows cash consistent with conservative portion of portfolio on top. So, if you don't use it = little financial regret.

When it comes to long-term care, two facts stand out. First, an estimated 70% of people will need such care, which will be costly. And second, most of them refuse to buy insurance to cover it.
The question is, why?

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