FIXED ANNUITY IS BETTER THAN LONG-TERM INSURANCE
Read this first.
This video makes the case for annuities over long-term health insurance.
The general case against long-term care insurance is here. Annuities are better. But, of course, annuities die when the insured does. Far better to own paid-up rental housing. Leave this wealth to your heirs.
Read this first.
This video makes the case for annuities over long-term health insurance.
The general case against long-term care insurance is here. Annuities are better. But, of course, annuities die when the insured does. Far better to own paid-up rental housing. Leave this wealth to your heirs.
These policies have requirements as to which symptoms qualify a
person for long-term care. The company decides. If the victim disagrees, he or
she has to hire a lawyer. Most victims in need of long-term care do not have
deep pockets.
I figure there are better ways to solve these problems. I have
discussed some of them here. http://www.garynorth.com/members/13121.cfm
The best long-term care insurance for most people is their
children. This has always been true in the West. It is best to deal with the
problem of long-term care within the framework of the family. The heirs have a
sense of moral commitment to provide care that extends beyond a written
contract.
Before signing any insurance contract for long-term care or an
annuity, discuss your options with your heirs. They may inherit more if you
skip these contracts. You may get better care. Both you and your heirs should
then consult with a financial planner who does not make his income from the
sale of insurance. "Never ask a barber if you need a haircut."
This originally appeared at Gary North's, Specific Answers.
North continues, "The best long-term care insurance for most people is their children. This has always been true in the West. It is best to deal with the problem of long-term care within the framework of the family. The heirs have a sense of moral commitment to provide care that extends beyond a written contract.
Before signing any insurance contract for long-term care or an annuity, discuss your options with your heirs. They may inherit more if you skip these contracts. You may get better care. Both you and your heirs should then consult with a financial planner who does not make his income from the sale of insurance. "Never ask a barber if you need a haircut."
North continues, "The best long-term care insurance for most people is their children. This has always been true in the West. It is best to deal with the problem of long-term care within the framework of the family. The heirs have a sense of moral commitment to provide care that extends beyond a written contract.
Before signing any insurance contract for long-term care or an annuity, discuss your options with your heirs. They may inherit more if you skip these contracts. You may get better care. Both you and your heirs should then consult with a financial planner who does not make his income from the sale of insurance. "Never ask a barber if you need a haircut."
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