Lapsing at 84: Is Your Life Insurance Policy a Ticking Time Bomb?

In this episode, long-term care specialist Scott A. Olson shares a real-world case study about a couple who bought a hybrid life insurance policy, only to realize it still left them vulnerable to long-term care costs. By subjecting their policy to his "Seven K.E.Y. Questions" test, Scott shows how the fine print capped their benefits against inflation and risked the policy lapsing entirely when they turned 84. He also explains how a properly structured, true asset-based policy could have provided over $1.1 million in guaranteed care protection for the same budget.Buy my book on Amazon: https://zurl.co/6YK23Listen to the podcast: https://zurl.co/dtGSKWatch our YouTube channel: https://zurl.co/0DvqQVisit our website to learn more: https://zurl.co/8BxY3Scott A. Olson, CLTC®, is co-founder of LTCShop.com and host of Long-Term Care Insurance Now. He has specialized exclusively in long-term care insurance since 1995 and is licensed nationwide. His National Producer Number (NPN) is 617232.Policy features, riders, and definitions mentioned in this article vary heavily by insurance carrier and state regulations. Partnership protections apply only to state-approved plans. Consult an LTCShop.com licensed specialist for specific carrier language.