What Does Dave Ramsey Say About Long Term Care Insurance?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaDave promotes buying term life insurance, paying off your debt and investing the difference in mutual funds. Based on his disciplined middle class approach, he feels that you can self-insure for extended care later on in retirement. He has expressed his concerns on the price tag of long term care insurance and feels it’s generally not the best value proposition.Answered on June 23, 2013+01+1 this answer
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63333 POINTSContact Meview profilePeggy MaceMost of the U.S.In an article by Dave Ramsey published on Nov 13, 2012, for FOXBusiness, Dave answers the question, "Is there a point where you can self-insure for long term care needs without a policy?" His advice is that, unless you have $20M in liquid assets and have $2M to $3M to set aside for long term care, go ahead and transfer that risk to a long term care insurance policy that you purchase by age 60.Answered on June 23, 2013+21+1 this answer 0flag this answerview more answers by Peggy Mace
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