Agreed, which is why I mentioned: not sure how old she is or whether it’s financially feasible. But you’re right, anyone reading your comment should take note, it’s really important not just to avoid being a burden on your family, but also to ensure you have really good care for yourself when that time comes and it’s needed most, and not be crammed up in a tiny shared room and neglected. It’s a sad reality, but LTC Insurance is important, and me in my early 30’s AFAIK do not have it, so I’ll keep your hybrid policy advice in mind when the time comes and maybe just ask my parents when their plan is without being too nosy. Thanks!
Right on; DM me if you want to discuss further; at your age term life is more appropriate for catastrophic protection unless retirement funding is solved; for clients I usually start planning for LTC at age 50 - that’s the sweet spot before it gets too expensive.
You can’t buy LTC Insurance when you’re at the point of needing it.
Pro tip: the best financial planning tool to implement is a hybrid life insurance/Ltc policy when one is in their late 50s.
Agreed, which is why I mentioned: not sure how old she is or whether it’s financially feasible. But you’re right, anyone reading your comment should take note, it’s really important not just to avoid being a burden on your family, but also to ensure you have really good care for yourself when that time comes and it’s needed most, and not be crammed up in a tiny shared room and neglected. It’s a sad reality, but LTC Insurance is important, and me in my early 30’s AFAIK do not have it, so I’ll keep your hybrid policy advice in mind when the time comes and maybe just ask my parents when their plan is without being too nosy. Thanks!
Right on; DM me if you want to discuss further; at your age term life is more appropriate for catastrophic protection unless retirement funding is solved; for clients I usually start planning for LTC at age 50 - that’s the sweet spot before it gets too expensive.