When should you start planning for Long Term Care? - Expert Edition Episode 8
Have you created a plan for when you eventually need assistance with everyday activities and are unable to care for yourself for a long period of time?
It's best to start considering long term care insurance when you're relatively young and healthy, as this will help you secure a lower premium rate. Generally, the younger and healthier you are, the more cost-effective and suitable the policy is likely to be.
I was always under the assumption that I should purchase a policy somewhere in the age range of my mid-50s to mid-60s but Dr. Jay burst my bubble. He also got me thinking about what I would do about my father if he needed this assistance.
Looks like I’ll be long term care insurance shopping. I’ll start with this link provded by Dr. Jay.
And because 2022 was a good year for Dr. Jay he is offering limited spots to ask him your financial questions FOR FREE. Act now because there are only a few spots and they are first come first serve.
About our expert:
Dr. Jay Zigmont, CFP®, and his wife are Childfree and live in Water Valley, MS. He has a Ph.D. in Adult Learning from the University of Connecticut and is a CERTIFIED FINANCIAL PLANNER™ and Childfree Wealth Specialist. He is the founder of Childfree Wealth, a life and financial planning firm specializing in helping Childfree Individuals and the author of “Portraits of Childfree Wealth”.
He has been featured in Fortune, Forbes, MarketWatch, Wall Street Journal, New York Times, Business Insider, CNBC, and many other publications.
Get your 15 day free trial to the Childfree Wealth Self-Directed Financial Planning System
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