Are you one of those people who is hoping to escape the winter weather as a retiree and spend the snowy season down south? Bruce and Peg give you a list of things to think about if you are considering becoming a snow bird.
Questions Answered Include:
- I’m 53 with family history of late onset Alzheimer’s. My wife wants me to convert my whole life policy to a hybrid long term care product. It might make sense but earlier this year I was diagnosed with Malignant Melanoma. It was thin and caught early and surgically removed with margin. I understand my odds get better and better as I get 1-2-3 years out. It’s only been 6 months. When is best timing to look at conversion?
- Doesn't it make more sense to pay for say $400K in life insurance rather than for long term care insurance? Your inheritors can spend your money to cover nursing home costs, then get that money back from life insurance later.
Featured Segment: Considerations for Snowbirds