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LONG TERM CARE INSURANCE

We prefer “asset based” long term care insurance over traditional “use it, or lose it” long term care insurance. With any form of traditional insurance, if you never use it, it’s money down the drain, like home and auto insurance. Asset based insurance guarantees the money will never leave the estate.

Three ways to access the money:

1. In your own lifetime, you have access to the accumulated cash value. It’s like building up a savings account with your insurance premiums at a guaranteed rate of interest. Change your mind and walk away with all or part of the cash value.

2. Die sooner, or later, without ever using the insurance and your designated beneficiaries will get a tax free payment of–not what you put in–but what your benefits would have been, effectively multiplying what the inheritance would have been had it been left in a brokerage or bank account without the insurance death benefit.

3. Essentially, as opposed to insurance premiums that are gone as soon as you pay them, asset based long term care premiums simply move money from one bucket to another bucket, (and back, if you like), never leaving the asset column on your net worth balance sheet. They’re all your buckets.




Ask Us About Long Term Care Insurance

  Long Term Care insurance 
 
 
 
        

    ABOUT NORM FALICK 
Norm Falick    Norm Falick has been a real estate broker and
founder of Camargo Realty, business owner and
founder of Prographics Printing, Series 7 Financial
Advisor at Merrill Lynch, and has been planning
retirements for over 20 years.


   

CONTACT INFO 
11999 Timberlake Drive
Cincinnati, OH 45249
Phone: (513) 604-6657
norm@retirementisaboutincome.com
 
 

 
 
 
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