Life Insurance Shows Potential To Solve Growing LTC Concerns

    Telemus In the News
    | September 5, 2023

     

    The average cost of a private room in a nursing home is now over $100,000 per year, and many people are not prepared to pay for this out of pocket. As a result, there is a growing interest in life insurance products that can provide long-term care (LTC) coverage.

    Todd Wolfe, Senior Insurance Associate, discusses how life insurance can help address the potential depletion of assets and the impact on clients' ability to leave an inheritance due to long-term care expenses.

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    The article provided above, and the information contained within, is from a third party source, which we believe to be reliable, however Telemus cannot guarantee the accuracy or completeness of such information, and certain information may have been condensed or summarized from its original source. The author of this article is John Hilton of InsuranceNewsNet Magazine which is owned and operated by an independent third-party. Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Telemus Capital. All opinions expressed in this article are for general informational and/or educational purposes. These opinions are subject to change without notice and are not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Telemus Capital does not provide tax, legal or accounting advice, and nothing contained in these materials should be relied upon as such.

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