Tom Basey from Basey Insurance discussed
the importance of a long-term care policy to protect one’s assets and legacy.
He explained that two out of three people over 65 are expected to need some
form of long-term care, typically lasting for three years. He suggested that
people consider getting a policy in their 40s or 50s, as it gets more expensive
the longer you wait. He also discussed the different types of policies, the
limitations of Medicare and Medicaid, and the potential of using a reverse
mortgage to cover long-term care costs. He encouraged people to contact him or
visit his website to learn more about their options.
Action Items
1. Consider getting a long-term care policy in your 40s or
50s.
2. Research different types of policies, such as term,
hybrid, and life insurance policies, with a long-term care rider.
3. Contact Tom Basey or visit his website to learn more
about your options.
4. Connect with Tom on social media.
5. Research the limitations of Medicare and Medicaid.
6. Consider using a reverse mortgage to cover long-term care
costs.
7. Share, like, and subscribe to the Dead America Podcast.
Links
