Last week’s Fridays with Fisher was about a strategy to cap the risk that a self-funding strategy presents. A lot of people reached out to me and told me that they did not like it. I hear what you say and understand why. One thing that I believe that many people did not pick up … Continue reading Benefit of a Cap to Self-funding
Month: May 2023
Self-funding Cap
Last week, I started a conversation about self-funding a long term care and I shared a few examples of potential future costs. As a reminder, OneAmerica offers an Interactive Cost of Care Map that can help you find the cost of care anywhere in the country. It’s a great tool to have on your mobile … Continue reading Self-funding Cap
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?
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