Everyone wants to protect money from long term medical care costs and preserve family wealth. There are many possible ways to do this – some are obvious and some aren’t. In fact, some are so obscure that people don’t even realize they exist. This episode discusses two of the more obscure – yet simple – strategies to protect money: (1) buying your loved one’s life insurance policy for cash value; and (2) paying your elderly loved one’s long term care insurance premiums if they can no longer afford them. Give it a listen to learn more.
Talk to you soon.