The Costly Mistake of Waiting Until 60 for Long-Term Care Insurance

Many financial gurus say to wait until 60 to get long-term care insurance—but that advice could cost you big. In this episode of The Banking Bros Podcast, we reveal why delaying coverage risks your health, finances, and family security, and how asset-based long-term care can protect you without wasting money.

If you're ready to learn more you've got to watch our full Save & Spend Presentation and then schedule a FREE call with us at: https://thebankingbros.com/getting-started-yt

If you're interested in the source material (we didn't come up with this!) we'd highly recommend that you get a hold of R. Nelson Nash's book: Becoming your Own Banker (5th Edition) https://amzn.to/2ZMw0h6

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Shownotes: 

00:00 – Why waiting until 60 for long-term care is risky  01:15 – The real costs of long-term care  06:20 – Assisted living, home health aides, and nursing home expenses  12:20 – How traditional long-term care insurance works  14:35 – Asset-based long-term care explained  18:05 – Dave Ramsey’s advice and why we disagree  22:20 – The reality of care needs before age 60  28:35 – The risk of longer-than-average care needs  33:05 – Stacking policies for better coverage  36:05 – Why you must act now, not later