“Long-Term Care Protection Without Additional Cost,” by Bryant Monson, Forbes

Quote:

“Many of our clients find they could have long-term care protection without the out-of-pocket cost. We found the following solution is an option that can work well for them. Use a disposable asset to create income to pay the long-term care premium AND pay the premium for a life insurance policy designed to replace the original asset. This can only be done using an asset not needed for current or future use. By using a three-tiered approach, we not only provide long-term care protection, but we eliminate the worry of paying for something that is never used. Since we replace the original asset, we have not really spent anything. We are just using the money in a different way.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Abracadabra? Actually, sounds pretty familiar.