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Subject:  Re: Life and extended care insurance Date:  4/3/2019  12:06 PM
Author:  aj485 Number:  5754 of 5866

Our financial planner said that at our age (54) and with our now healthy net worth we don’t need life insurance for the kids anymore. She said we could get a new type of insurance which combines life insurance and long term care insurance in that if you need a nursing home before you die you can get part of the payout ahead of time.

Anyone heard of this? Opinions? Haven’t seen the numbers yet.

Since you don't need the life insurance, I would suggest doing this only if it's less than a stand-alone long term care insurance policy with the same benefits, and you were actually going to buy a long term care policy anyway.

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