LTC Insurance vs. Self-Funding Care

Steadfast Care Planning

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Should you use pay for care with long-term care insurance, self-fund, or a combo? What things needs to be considered?

Join me and my guest co-host, Nic Nielsen, Co-Owner of Know My Plan, as we discuss as we chat about:

🔹 What is LTC?

🔹 10 things to consider when deciding to buy LTC insurance and/or self-fund care

🔹 Who LTC insurance is NOT a good fit for

Watch the full episode: https://youtu.be/3tzs-JdFq7s

For additional information about Kelly, check her out on Linkedin or www.SteadfastAgents.com.
To explore your options for long-term care insurance, click here.
Steadfast Care Planning podcast is made possible by Steadfast Insurance LLC,
Certification in Long Term Care, and AMADA Senior Care Columbus.
Come back next time for more helpful guidance!

Chapters

1. 3rd consideration = taxes (00:00:00)

2. Intro (00:00:00)

3. What is long-term care? (00:00:45)

4. Important considerations when self-funding and LTC insurance (00:02:34)

5. 10 Things to consider when self-funding care and LTC insurance (00:05:55)

6. 1st consideration = leverage (00:06:04)

7. 2nd consideration = cost (00:08:30)

8. 3rd consideration = taxes (00:11:02)

9. 4th consideration = dedicated funds (00:12:50)

10. 5th consideration = guarantees and predictability (00:14:17)

11. 6th consideration = other consequences (00:15:46)

12. 7th consideration = professional services and other benefits (00:17:54)

13. 8th consideration = market timing and liquidity (00:20:47)

14. 9th consideration = control (00:22:00)

15. 10th consideration = legacy (00:23:25)

16. LTC insurance and self-funding together (00:25:26)

17. Who is LTC insurance NOT a good fit for? (00:26:45)

18. Other considerations when planning for care to live well (00:28:27)

19. Contact info for Kelly Augspurger (00:29:08)

20. Contact info for Nic Nielsen (00:29:37)