If you’re like most people, you want to enjoy your retirement without fear that you might outlive your savings. In addition to life insurance, there are two key ways to preserve your assets:
- Long-term care insurance; and/or
- Annuity planning.
Long-Term Care Insurance
We insure our homes, our cars and our lives…so doesn’t it make sense to also insure the type of care we would receive if we’re faced with being disabled or in need of assistance in our golden years?
With so many seniors living longer these days, it is important to ask yourself that question. Long-term care insurance can give you peace of mind knowing that you won’t be a burden to your spouse or your children as you age.
A variety of long-term care policies are available, offering differing levels of care. Having earned two important designations in the long-term care insurance industry – Certified Senior Advisor (CSA) and Long-Term Care Insurance Strategies (LTCIS) – Doug and his team at DI Concepts can help you assess all of the options and identify the right policy for you. Long-term care policies include the features that help to provide you with:
- Nursing home care;
- Assisted living care;
- Home health care;
- Home enhancements (e.g., ramps, grab bars, lower counters, etc.); and
- Other features to help you maintain your quality of living.
An annuity is an insurance product that can provide retirement income you can’t outlive. It pays out income over time and can be used as part of a retirement strategy. Annuities are a popular choice for investors who want to receive a steady income stream in retirement.
You can opt to receive payments for the rest of your life, or for a set number of years. How much you receive depends on whether you opt for a guaranteed payout (fixed annuity) or a payout stream determined by the performance of your annuity's underlying investments. DI Concepts researches the best annuity options and can help you determine the annuity plan that is best for you.