Understanding Long-Term Care Insurance Options
Description
Long-term care planning is a significant concern for individuals approaching retirement because it’s an expense most people aren’t prepared for. Trying to prepare for it with insurance isn’t cheap, and people often ask us if it’s worth it. In this episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP® tackle this pressing issue by answering a listener’s question about long-term care insurance and the options available.
Here’s what we discuss in this episode:
0:00 – Today’s question
1:39 – Reason it’s expensive
3:39 – Long-term care options
6:48 – Where is long-term care on the priority list?
9:18 – Final thoughts
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