The “Self-Insurance” Myth
In this video, Jack Elder demonstrates the leverage of asset-based LTC insurance versus self-funding. Well off clients generally have the resources to self-fund their long-term care needs without LTCi. However, self-paying means any long-term care expenses will be paid for…
In this video, Jack Elder demonstrates the leverage of asset-based LTC insurance versus self-funding. Well off clients generally have the resources to self-fund their long-term care needs without LTCi. However, self-paying means any long-term care expenses will be paid for through distributions from financial assets. This strategy keeps the full risk for long-term care spending on the household and results in the widest range of potential spending outcomes. Foregoing asset-based long-term care insurance can leave clients financially vulnerable for potentially large, open-ended costs they may not be aware of or didn’t expect. Tune in as Jack dispels the self-insurance myth in favor of de-risking your client’s portfolio.
