Long-term care insurance (LTCi) expert Scott A. Olson analyzes a financial planner's chart to help individuals determine if they should purchase LTCi coverage. He reviews three specific suppositions from the chart: affordability, spousal age gaps, and family longevity. He notes where he agrees or disagrees with the planner's logic. Olson points out that asset levels, the hidden costs of self-insuring, and modern medical advancements are critical contexts missing from the chart's generalizations.
"Should I Buy LTCi?" Chart: https://shorturl.at/uMErL
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Scott A. Olson, CLTC®, is co-founder of LTCShop.com and host of Long-Term Care Insurance Now. He has specialized exclusively in long-term care insurance since 1995 and is licensed nationwide. His National Producer Number (NPN) is 617232.
Policy features, riders, and definitions mentioned in this article vary heavily by insurance carrier and state regulations. Partnership protections apply only to state-approved plans. Consult an LTCShop.com licensed specialist for specific carrier language.
