Self-funding Consider the Costs

There are lots of perspectives about long term care and how to pay for it.  An insurance-based strategy is the most cost efficient method regardless of what someone’s net worth. Unfortunately, many people make the decision to self-fund their long term care.  This week, let’s use some numbers to compare the scenarios.  I am going … Continue reading Self-funding Consider the Costs

Why? Annuities for LTC … Why Not?

I came across some interesting data a short time ago about annuity based long term care plans.  Inside an article discussing “long term care annuities”, the following data from LIMRA was shared. According to the most recent sales data from LIMRA, stand-alone long-term care insurance sales declined 60% between 2012 and 2016, while sales of … Continue reading Why? Annuities for LTC … Why Not?