Preparing For Tomorrow podcast
Preparing For Tomorrow podcast
Diane Stoddart, Certified Long Term Care Consultant, CLTC
If I have enough money, do I really need LTC insurance? Part 3
12 minutes Posted Dec 14, 2021 at 9:40 pm.
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Show notes
This week, Diane shares that assets don't pay for LTC needs; income pays this as LTC services create a bill, or invoice that must be paid weekly or monthly.  If we don't have enough income, we need to sell assets to create income.  Diane shares some of the financial consequences when we rapidly start selling assets to fund an extended care need.