- Life InsuranceFirst option is that you fund a special life insurance policy, designed with LTC in mind, with living benefits. Still have to qualify health wise, but it's not as hard as Traditional LTC. If LTC benefit triggered, it pays out some of the death benefit early, while still living. Tax free! What ever is not used, or if no amount of benefit is ever used, it's passed to heirs tax free when the insured dies. (Many LTC claims end due to death.)
- Long Term CareMedicare does not cover Long Term Care (hereafter called LTC) and most people don't have LTC coverage so LTC is the most gigantic expense many seniors will face. And it's not a pretty face.
- Annuities