Perhaps one of the best ways to protect and conserve wealth in retirement is to purchase a quality long-term care insurance policy. My intention here is not to spout a litany of statistics right now but suffice it to say that research has shown that a large percentage of retirees will need some form of care assistance in the future. And with costs already high, that will have a significant impact on your lifestyle if and when that day comes.
In this weekend article from the Wall Street Journal, you’ll see an overview of what’s available in the current long-term care market. Traditional LTC policies are the most common but now care features have been added to life insurance and annuity contracts as well. Although many insurance companies are exiting this unpredictable market the wide range of available options can make the search for a suitable solution fairly difficult.
Now at Annuity Straight Talk we don’t sell long-term care insurance but we do understand how best to choose what’s right for you. Given the fact that we have an intention to help people with all facets of personal finance in retirement, we have in place a network of fantastic advisors we’d be happy to refer you to. With this available you’ll get the same opportunity to search the entire market for long-term care that you get with us when trying to find the best retirement income options with annuities.
I highly suggest reading the article referenced above and then contact us if you’d like a little assistance without sales pressure. In time we’ll likely add some useful information on understanding and selecting a reasonable amount of long-term care coverage. Until that happens feel free to give us a call or send an email with specific questions or comments about your situation.
As with anything, we stand ready to assist so don’t pass up the opportunity for a little free education and advice.
Have a great week!
Bryan J. Anderson