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.

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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

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#retirement #retirementplanning #taxplanning