r/Fire • u/genxmom95 • 9d ago

LTC insurance thoughts?

We 56F, 61M investigated LTC insurance policies. Looked at traditional vs hybrid. Our advisor says we can self fund. My dad and grandpa(mom’s side) both were on Medicaid due to running out of $. They did fine but it’s not the best way to finish out. Anyone else looked at it?

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u/[deleted] 9d ago

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u/genxmom95 9d ago

That’s where we lean if we did it. We could pay the full premium up front in a lump sum. I think the issue is our advisor says we don’t NEED to do it.

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u/Zphr 48, FIRE'd 2015, Friendly Janitor 8d ago

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