Long-Term Care and Life Insurance: The Basics You Must Know!

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Today's Hack

While you dream about the leisurely days ahead of you in retirement, it’s also important to think about some of the less glamorous items, including insurance. While we covered the basics you must know about health insurance in our last episode, today’s episode will focus on long-term care and life insurance.

 

While you dream about the leisurely days ahead of you in retirement, it’s also important to think about some of the less glamorous items, including insurance. In this new season of life, your old policies may no longer suit your needs or may come to an end.

So, what types of coverage should you be considering for your golden years? What do you need to keep in mind as you prep for the transition? We’re going to walk you through the fundamentals in this two-part series. While we covered the basics you must know about health insurance in our last episode, today’s episode will focus on long-term care and life insurance. We know it’s not the most exciting conversation in the world, but it’s important, nonetheless. Stay tuned to see what you can learn!

 

Here’s some of what we discuss in this episode:

0:00 – Intro

2:33 – The reality and “why” of long-term care

6:40 – What does long-term care cover?

8:20 – Running the math with long-term care

11:36 – Alternatives to traditional long-term care

14:04 – Do retirees need life insurance?

16:05 –  Determining how much life insurance you’ll need

 

Get Your Copy of The Tax-Smart Retiree

https://www.amazon.com/Tax-Smart-Retiree-Guide-Thriving-Golden-ebook/dp/B0D356X36Q

If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.

 

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