Keep in mind, long-term care is paid for either from income, assets or life-style. Having LTC coverage in place is an important part of protecting assets and income from depletion and/or the life-style of a spouse if a long-term care event occurs. For clients who are thinking they can self insure, they may find the linked benefit product a good alternative for “self assuring” instead of self insuring. Some might even say these policies are for people who might be able to afford to self insure, but are smart enough not to.
NAIFA’s Limited & Extended Care Planning Center is from the collaboration of NAIFA and its sponsors. The site adheres to NAIFA’s anti-proselytizing policy and NAIFA code of ethics to which all members ascribe. To learn more about NAIFA, visit NAIFA National’s website