There's one thing that I'm in total agreement with the author and that is "“When people face a highly complex decision, don’t have the information and cognitive skills needed to do the analysis, and nobody is providing them with education about it, then it may be that the path of least resistance is to do nothing.” This is an opportunity that most are missing and that's why we see articles like this one
Two things stuck out to me...
1) Too much Life Insurance? Low interest rates have made it necessary for people to get an additional 3 to 5 times their salary in Life Insurance protection. Do the math!
10) Long-Term Care coverage is not good for you (or us) - Yes, the Industry has struggled a little with premiums but lower interest rates have not helped. However, the author's solution of "For some older people, it may make more sense to plan to pay long-term care bills with a reverse mortgage, or with savings." is a joke in my opinion!
Children will hide the assets and take Mom or Dad straight to Medicaid to protect their inheritance. We cannot afford to keep doing this! If you owned a business (say an Nursing Home) and you would be reimbursed 70 cents on the dollar, how long could you stay in business? How long before you couldn't make repairs? Even, if 80% of your clientele stayed just one year.
Let us help you prove to your clients that we still have viable solutions. We can give those looking for cash "build-up" the plans that build cash and all the Term Life Insurance to cover the larger gaps when your clients have families to protect. Get a quote today!
Two things stuck out to me...
1) Too much Life Insurance? Low interest rates have made it necessary for people to get an additional 3 to 5 times their salary in Life Insurance protection. Do the math!
10) Long-Term Care coverage is not good for you (or us) - Yes, the Industry has struggled a little with premiums but lower interest rates have not helped. However, the author's solution of "For some older people, it may make more sense to plan to pay long-term care bills with a reverse mortgage, or with savings." is a joke in my opinion!
Children will hide the assets and take Mom or Dad straight to Medicaid to protect their inheritance. We cannot afford to keep doing this! If you owned a business (say an Nursing Home) and you would be reimbursed 70 cents on the dollar, how long could you stay in business? How long before you couldn't make repairs? Even, if 80% of your clientele stayed just one year.
Let us help you prove to your clients that we still have viable solutions. We can give those looking for cash "build-up" the plans that build cash and all the Term Life Insurance to cover the larger gaps when your clients have families to protect. Get a quote today!
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