Here’s what we discuss in this episode:
💸 Self-Funding Reality: Setting aside assets can be a viable alternative to insurance
📉 Premium Challenges: Costs can rise quickly, and approval isn’t guaranteed
⏳ Age Factor: Waiting too long can make coverage expensive or unavailable
🧬 Health Matters: Medical history plays a major role in eligibility
🔄 Alternative Strategies: Hybrid life insurance options can provide flexibility
Long-term care is one of the biggest financial risks in retirement, and one of the most uncomfortable topics to talk about. Most people know it’s important, but few have a clear plan for how they’ll actually handle the cost if care is needed. Today, Ryan provides practical tips on how to think through long-term care planning from multiple angles, and how to decide what makes sense based on your health, assets, and goals.
Go Inside the Episode
0:00 – Intro
0:30 – Why people get long-term insurance
2:37 – Self-funding vs Insurance
6:12 – Age considerations for coverage
8:27 – Health history and approval odds