Long Term Care & Other Uses
“In the hospital they throw you out in the street before you’re half cured. But in a nursing home, they don’t let you out until you’re dead.” ~George Bernard Shaw
While Permanent Life Insurance is wrong for most people, there are a few good uses for it. We will cover the three good uses for Permanent Life Insurance in an overall financial plan:
- As a Hybrid Long-Term Care Solution
- As a Blue Bucket Alternative
- As Both (Preferred Use)
Learn the only good uses of PLI, either for you or perhaps your parents. Knowing the few good uses reinforces your avoidance of the bad.
Again, these episodes target permanent life insurance specifically. If you have people depending on your income, YOU NEED TERM INSURANCE!
This article is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this is not investment advice. Consult your financial, tax, and legal professionals for specific advice related to your specific situation. Never take investment advice from someone who doesn’t know you and your specific situation. All opinions expressed in this article are the opinions of the people expressing them. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. RetireMentorship is not affiliated with any Registered Investment Advisor, Broker-Dealer, or other Financial Services Company.