Long Term Care
There are different ways to provide for the rising costs of nursing homes, in-home care, and other custodial care needs. For protection against the possibility of needing long term care over the next ten years or so, there is no substitute for traditional long term care insurance or its hybrids.
However, leveraged income made possible by a seasoned Indexed Universal Life (IUL) policy may be able to step in at some point, eliminating further need for traditional coverage. Income is income - whether it be to buy groceries, pay for travel, or to pay for custodial care. IUL is excellent for generating income for any use, so long as it can get a running start!