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Right, they have these hybrid policies for people that want to leverage assets as opposed to parking it for use (possibly as long term care events aren't guaranteed)
Benefit if you need long term care, typically 4-5 times your basis, benefit if you die and never use it equal to premiums you paid in passing on tax free, and cash back 80%
Now the question is how long you'll need the benefit, often times they are capped to protect the solvency of the company
It's a movement of assets, consider your life policy, if you don't need the cash value, you can 1035 tax free exchange into these long term care policies that are built on life policy chassis
Either way you cut it, it's a leverage...now the only thing to consider is, do you trust the insurance company, as they are purchased in good faith these companies will pay out...transferring the risk...
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