Finance in a Flash: Insurance Planning Series: Long-Term Care
On this episode of Finance In A Flash, we continue our Insurance Planning series by discussing Long-Term Care Insurance (LTC). If you are nearing retirement or already retired you should seriously look into this just because of the rising costs of nursing homes and skilled nursing care.
We discuss the specifics on LTC and answer the following questions as well:
What are elimination periods?
What should you look for in “daily benefit amounts?”
What are ADLs?
Who needs LTC?
What are “riders” on LTC policies?
We discuss a lot more regarding LTC and we hope you enjoy this episode!