Ask Terry Questions long Term Health Care

long Term Health Care

By Terry Savage on August 06, 2023 | Insurance & Annuities

I texted a question to you on WGN today. about annuities with a long-term health care rider. I had to walk away from the radio and don’t know if you had time to address this. My wife and I went to a seminar that discussed these (without disclosing what they are until you make an appointment). What is your opinion of these and have you written on this topic before? I know that you don’t like annuities in general.

Terry Says

Instead of an annuity model, I prefer the combo life/long term care policy. AND, the added benefit is there is no commission inside it at the level of these annuity combos. (Who do you think pays for this free lunch?!)
Please read this recent column: https://www.terrysavage.com/long-term-care-insurance-the-latest/

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