I'm looking for advice on buying log term care for my parents.
Context: My mom is in her late 50s and is in generally good health outside of being overweight. My stepdad is in his late 60s and is aging rapidly, running into a few health concerns here and there. She still works full-time, has about $200k in a 401k. He basically has no money or assets outside of the house which has $120k mortgage on it. Mom wants to retire in about 9 years, I'm worried about the cost of health care for my stepdad. I know LTC insurance is probably the best move
Question: my mom and I are going to meet with a financial advisor for her for the first time. What do I need to know about LTC insurance, the buying process, questions to ask, etc. before we meet with this person? I don't personally have an advisor right now, but this person is highly recommended by a family member who is well planned financially so I'm not concerned about being "ripped off," just want to be an inormed client.
Thanks in advance!
Submitted August 30, 2020 at 09:15PM by FantaClause2oo https://ift.tt/34Qa73s
