Long-Term Care / Extended Care
Plan for the cost of extended care—before it becomes a forced asset sale.
The retirement risk most people ignore until it’s too late.
Roughly 70% of people who reach age 65 will need some form of long-term care. Cost in Florida runs $5,000–$10,000+ per month depending on care setting. Medicare doesn’t cover it. Without a plan, it falls on family or on the asset base meant to fund a spouse’s retirement and the kids’ inheritance.
Three legitimate strategies
- Traditional LTC insurance — pure-play coverage with rich benefits; premiums can increase, but the leverage is high
- Hybrid life / LTC policies — life insurance with an LTC rider; if you don’t use it, your beneficiaries still get something
- Self-insure — for households with enough liquid assets to absorb a $300k–$500k care event without breaking the rest of the plan
There’s no universally “best” choice—each family situation drives the answer. We model the actual numbers, not the brochure version.
When to put a plan in place
Late 50s to early 60s is the sweet spot. Earlier and you’re paying premiums on a low-probability event for too long; later and underwriting gets expensive (or impossible). Waiting until your 70s usually means accepting that self-insurance—or family care—is the plan, by default.
Let's see if we're a good fit.
A 30-minute introductory call—no pressure, no obligation. We'll talk through your goals and whether working together makes sense.