What is Long-Term Care Insurance?

One of the big questions that needs to be addressed in retirement planning is how will you be taken care of later in life. Most people don’t want to think about long-term care when they’re young and healthy, but it could be one of your biggest expenses in retirement. Many retirees plan by getting long-term care insurance but is that something you should consider as well? Ryan breaks down the basics, benefits, and common questions surrounding long-term care insurance. Key moments:0:00 – Intro 2:01 – Benefits of having Long-Term Care Insurance4:40 – Different types of Long-Term Care6:13 – LTC costs8:13 – Qualifying for coverage9:31 – Does everybody need LTC insurance?11:58 – When to look at getting a policy14:55 – Drawbacks to LTC insuranceConnect with us:Web: https://wyzewealthadvisors.com/Phone: 724-271-7019Watch the show on YouTube: https://bit.ly/3Ssra3H