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I'm 77. I'm not sure I'd buy LTC insurance again. First, unless you think you'll be in a nursing home for many months -- 6 months or more--I wouldn't buy it. Second, understand that the premium will go up. It goes up the most when you are retired and can't afford it. Third, remember, all healthcare companies contribute millions to politicians who have and will agree to changes healthcare providers demand. (the reason the premiums go up is because the LTC had no idea people would actually use the policies; they had no idea healthcare costs would go up.) Fourth, in my policy, and I assume in most, you pay out of pocket the first 90-100 days. Most likely if an acute situation happens where you need to enter a nursing home immediately, the LTC policy won't pay for the first 100 days. (Some policies will pay during the first 100 days for home care.). So, if you think you'll be in a nursing home for months, then buy the policy. Knowing what I know now, I'm not sure I would have bought one.

Thank you so much

Thank you. I was reading and trying to understand this policies. I new at this and this video is a great bird's eye view of the topic. Some of the situations do not apply to me, but I still learned a lot.

Wow, the fact that you did not mention a significant cost of this plan is disturbing.

What if the insurance company goes out of business after you've paid in monthly for years and years or paid a lump sum

Good video about a complicated, important, and not-very-exciting subject! I will watch it again. BTW, it's "Factors that *Affect* Premiums," not "Effect." 🤓

Is that 5K per month or year?

Is the use or pass it policy which covers lifetime LTC still available nowadays?

Good interview. Get an extra mic so they don’t share a mic. The volume was low for the ladies. Have to keep increasing volume for them and the lowering it when host spoke

Click bait (big time).

More BULLLSHIT for the guys that get filthy rich off you idiots!!! BUYER BEWARE!!!! Thee guys are becoming millionaires off your demise!!!!! LTC INSURANCE IS THE BIGGEST RIPOFF IN THE INSURANCE INDUSTRY EVER!!!!!!!

"Just the Facts" was well done & clearly explained. Thank you, Joe!

To use this as care and an investment as 'use it and pass it', what is the interest rate on the insurance? Shop for best company with highest interest rate?

Thanks for the video!

Thank you for the insightful video

Joe, you do not talk about ONE IMPORTANT THING about long-term care policies. You do not say how often and how much the monthly premium will go up. Sure, if you buy at age 50 with no medical problems, it is cheap. But after a few years, the rate will go up. Often it doubles in the first 10 years. That gets you to age 60, still a long way from needing care. Then the rates start going up each year, doubling again by age 62. Bad, huh? No, you haven't seen anything yet. Now they start doubling about every 2 years. Finally, as you approach age 80 and might actually NEED some care, the monthly rate becomes so high that you may not be able to pay it, unless you have piled up millions in savings. Just as planned by the insurance company, before you need it, you will cancel it. What kind of deal is that? It only makes sense if you get a price guarantee along with the initial insurance contract. Otherwise you are buying a pig-in-a-poke that you won't be able to afford at the time you need it.

Be blessed!

Cannot read the whiteboard. A powerpoint presentation would be much more beneficial to us. Thx.

I do not understand. I must be missing something. If you are paying $5000/ per year to get a benefit payout of $5000 per year, what's the point? Or is it 5,000 payment per couple, then the benefit is 10,000 per couple?

Hahaha, discounts for married people, no stress there. Single by choice, happy, health and screwed. And of course it's cheaper for men it's your world, and ya kick it earlier. Okay did some research and circled back. Question with the $21,000 10/ yr. Pay wouldn't you be better off investing that $$ and having it directed to a living trust?

$5000 benefit? What is per week, per Month, year?

Ima nigga i would've bought my kids some Gucci

Hating on the kids smh 😂

I have an alternative remedy to long term care. 🤯 This world is shitty. You work your whole life just to be able to have someone care for you like a baby again. My long term care does not end. And its only the cost of a single round

I am an Indian resident If I pass the series 65 , Will I be allowed to join an existing RIA and become an IAR in the US ? My main business will be in the US

Hi

Excellent video.

2 years coverage enough....really?....how?.....when you need ongoing care or move into a nursing home for the rest of your life

Thank you right to the point on cost .

Would you tell me How many cash indemnity Company out there for long term care insurance??

Good video Joe. There is one thing I would like to see, I know it is in your wheelhouse but I don't know if it works for your business model. What I would like to see is your personal analysis of the local area banks, and give us a rating from 1 to 10 with 1 being SVB and 10 being Fort Knox. In other words, is M&T in a strong position, or APGFCU? You have a lot of researchers at your disposal researching Funds and the like, can you put them on the banks and research them. Thanks Joe, keep up the good work.

Thx Joe!!!😊

Well said Joe!!!

You lost me on the first line - 5K? Why would you buy a policy that only pays 5K?

Man getting old is expensive

I am sorry honey, you may be too young to talk about this.

Great information - thank you!

Excellent presentation. The background music was a nice touch, but the volume should be dialed back a little. I found it a little distracting when it hit certain notes. Thanks Joe.

Never boring, always informative..

Thanks for the updates. Merry Christmas to all of you!

PЯӨMӨƧM 😒

Great video Joe! Love the Bull vs Bear market chart.

I want to give my grandchild 1 Milion .How can I do to prevent the tax ??? how do i reach you ?

I keep calling around and they say you can’t start a policy until your 50

This is a totally misleading title

That flip up coffee table though.

I was interested in getting something like this for myself because my father is just going through this and I was blindsided by finding out that their insurance has no coverage. However, the nursing homes in our area are between 10 thousand and 12 thousand per month. I'm not sure what 5k a month is going to do for you?

Great presentation, but I am watching after speaking with my local agent and your yearly price is 3x's higher with less benefit.... why? Is this for 2 people or just 1 person?

Great informative video

I-bonds question: If i bought $10k own and spouse bought me $10k gift in 2022. Can I cash out both ($10k own, plus $10k gift from spouse) at same time "both $10k" after holding it for more than12 months?