Guest contributor Reggie Phillips, CLU, ChFC, CASL, is manager-insurance strategists at Truist Life Insurance Services.
In the spirit of National Long-Term Care Awareness Month, let’s answer some questions about using life insurance with LTC riders instead of traditional long-term care insurance as a potential solution for extended care planning.
When addressing clients’ concerns about overpaying for LTC, the typical and often the most efficient approach is a solution involving a traditional or asset-based LTCi policy. However, there are ways that life insurance can be beneficial for addressing LTC concerns. More>>