Welcome to the Stay Wealthy podcast. I'm your host Taylor Schulte and today I'm tackling part two of our two-part series on long-term care.

Specifically, I'm breaking down three big things. Number one, the types of long-term care insurance that's available and the pros and cons of each of them.

Number two, major pitfalls to avoid.

And number three, resources to help you and your loved ones take action.

So if you want to understand how to maximize your dollars and your coverage when buying

long-term care insurance, today's episode is for you.

For all the links and resources mentioned,

head over to you staywealthy.com forward slash 117.

As mentioned last week during part one of this series, just because you can self-fund for

long-term care in retirement doesn't necessarily mean that you should skip buying

insurance altogether. And there are two main reasons for that. Number one, self-funding still carries

risk. For example, maybe the cost of care increases by more than you or anyone could have predicted.

Or the timing of your long-term care event collides with a deep economic recession,

or other expenses end up creeping into your life that you just didn't plan for,

like caring for a child or grandchild.

Number two, just simply peace of mind.

You know, given that the future is unknown, you might just sleep a little bit better at night

and be able to enjoy retirement a little bit more

if you had an insurance policy to kick in and help supplement your savings during a long-term care event.

And in case it doesn't go without saying, if you determine that you can't sell fun for long-term care,

buying insurance is likely a smart move since most of us will experience some sort of long-term care, buying insurance is likely a smart move, since most of us will

experience some sort of long-term care event during our lifetime. Now, before we break down

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