Understanding Long-Term Care | Balance Wealth Webinar Series
April 5, 2025
In this month’s discussion, Bob and Tim break down the rising costs of custodial care and the financial risks of going uninsured.
In this month’s discussion, Bob and Tim break down the rising costs of custodial care and the financial risks of going uninsured. They explore self-pay, Medicaid, traditional and hybrid long-term care insurance, life insurance with living benefits, and short-term care, weighing the pros and cons of each.
Real-life cases, shed light on the real impact of long-term care decisions and the potential risks and benefits of different insurance strategies. If you want to safeguard your assets and secure your future, this conversation is a must-watch!
📌 Chapters for Easy Navigation:
⏱ 00:00 – Understanding Long-Term Care & Insurance
⏱ 05:12 – Long-Term Care Planning & Costs
⏱ 08:58 – Long-Term Care Costs & Key Statistics
⏱ 13:51 – What Qualifies as a Long-Term Care Event?
⏱ 17:16 – Insurance as an Asset Class & LTC Planning
⏱ 23:50 – Exploring Long-Term Care Planning Options
⏱ 39:37 – Short-Term Home Care Policies Explained
⏱ 44:02 – Deep Dive into Long-Term Care Solutions
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