In an increasingly complex world, it’s good to find solutions every now and then. For today’s topic, we will discusslong-term care insurance, which is a becoming a sophisticated insurance product best for those with assets between half a million and two million dollars. Often known as “LTC Insurance,” this product has been around for 30+ years and in recent years it has become possible to get long term care insurance quotes from web sites and other online sources, rather than the old fashioned model of having a commissioned salesperson come to your home and give you the old-fashioned sales pitch.
Want to know more? Well, prices for this type of insurance range from about $50/mo per person all the way up to about $400/mo, so you’ll want to use pre-tax dollars to pay for long term care if you can. And also, while we’re on the subject of taxes… we all know that taxes will and can be in and of itself a complicated topic, so you’ll surely want to hire professional tax advice before making any serious or even minor financial decisions regarding long-term care insurance or other derivative products.
