Kara (Caller)

Hi there.

I had inquired about long-term care insurance.

One option that I was introduced to is called Variable Universal Life Insurance Policy with a long-term care rider.

So basically, I could put a sum of money, say $75,000 in.

It would be invested in mutual funds.

I could allow it to grow for about 40 years.

When and if I needed long-term care, that would get multiplied by four, and that becomes the amount I can use for long-term care.

So my question is, is this worth looking into, or is this more on the whole life insurance side that you guys advise us to avoid?

I'm 45.

I know it's early, but I'm just a little hyper-focused right now on getting all my ducks in a row due to some...

Yeah.

You know, usually with long-term care, we suggest not even putting it into effect until the day you turn 60 years old.

Yeah, I do have that.

So I really wasn't looking at this for the life insurance portion.

It was more for the long-term care.

So I'm all set with the life insurance piece.

I just wasn't sure if I should... Who sold you on this scam then?

Well, I haven't...

proceeded with it.

It's just something that was introduced to me.