Long term care insurance is not as expensive as you may think. There are various options that can be used to customize a plan to fit your specific needs and budget. The cost of your coverage will depend on a number of factors including: 1. Your age when you apply 2. Your health 3. The amount of coverage you choose 4. Preferred health discounts, married, or even partner discounts with some companies such as John Hancock. Many people have found innovative ways to pay the long term care insurance premium, such ways are: • Take a portion of the interest on a given asset such as a 100k mutual fund and you that portion to protect your whole portfolio. • Some people may choose to use the dividend income to pay the premiums • There are some solid fixed and variable annuity products on the market where you put say 100k in the annuity vehicle and again use the interest to pay the premium. The ageless saying, “you get what you pay for”, applies in the Long Term Care market as well. Long-term care insurance is one insurance products that you do not necessarily want to get the best price […]