Age 50,NJ & healthy but looking for a protection from future (illness chronic/critical/terminal) since I heard nursing home could cost $130k per year in nj.
Stated exploring options for IUL
national life flex-2
North America secure/builder
north western (protector)
Now so confused since is it worth paying $84k premium over 10 years?
Is it worth taking this type of IUL which has rider or LTC (care matter-2) only?
Last option not to take anything?
I have term but it does not cover critical or chronic illness.
IUL or LTC for asset protection due to possible future illness
byu/blissfuldiv inpersonalfinance
Posted by blissfuldiv
1 Comment
A standalone LTC policy nearly always offers better protection if your primary goal is asset protection against long‑term care costs.