113: Long Term Care Insurance

Let's dive deep into the critical topic of long term care (LTC) insurance and its transformative impact on health and quality of life. DG explains the necessity of LTC insurance, defining it as assistance for activities of daily living (ADLs) and spotlighting the shift towards home-based and community care. With insights into policy specifics, eligibility requirements, and buying strategies, DG covers crucial points such as the benefits of hybrid policies, the financial implications for retirees, and the importance of securing an honest insurance agent. Navigating through the intricacies of Medicaid, Medicare, and the challenges of relying on familial support, this episode underscores the importance of proactive planning for long term care to ensure financial stability, avoid potential family conflicts, and maintain a dignified, independent life in one's later years.

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