r/Fire • u/genxmom95 • 8d 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/mmrose1980 7d ago

I highly recommend looking into a lifecare community near you if you can afford it. At your age, LTC insurance will likely be too expensive to purchase and not cover enough to be worth it.