This article from USA Today’s American Life Magazine Highlights the need to prepare for the future, by considering the purchase of Long Term Care Insurance. Buying it when you are younger, insurable, healthy, and at current rates is a wise investment. You might also consider the option to buy a policy that you can pay off in 10 years, which will protect you from premium increases that might happen after your policy is paid up.
As the cost of these policies continues to increase, more and more carriers are leaving the Long Term Care Insurance business.
Michael Fliegelman, CLU, ChFC, AEP, CLTC, RFC
Founder / President, Strategic Wealth Advisors Network
(631) 262-9254
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Please note that the information being provided is strictly as a courtesy. Always confer with your CPA prior to attempting to take any tax deduction. Michael Fliegelman is not a CPA, nor should the contained be considered tax “advice”.
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