Sep 6, 2018
No matter how much you plan for
the future, life can throw you an unexpected curveball.
It is never fun to think about
taxes and death, but these things are expected in life so we plan
for them in advance. Sometimes life throws something unexpected
your way so how do you plan for the unexpected? What can we do to
plan for these curveballs that life is throwing at us and how can
we best utilize the tools we have in front of us to get the most
out of our insurance policies?
In this episode of The Chris
Berry Show, I’ll talk about the different types of long-term care
policies and which ones will best protect us and our families in
times of need.
In this episode, you’ll learn...
- Chris’ positive focus for the week.
- How
you can have the perfect plan in place, but you never know when
life is gonna throw you a curveball.
- About
long-term care and asset-based long-term care.
- Why
Chris let his traditional long-term care insurance policy
lapse.
- About
the different types of life insurance.
- About
the different uses for permanent life insurance
- Ways
to contact the The Chris
Berry Show if you want to submit a question for Chris to answer in
a future episode.
- Information on the upcoming workshops that
Chris is putting on.
- The
key issues with a traditional long-term care insurance policy and
why you may not want one.
- The
major benefits of having an asset-based long-term care policy
instead of a traditional long-term care policy.
- How
you can pay for long-term care in a tax-free way.
- The
differences between permanent life insurance and term life
insurance.
- What
an index universal life insurance policy is, how it works, and what
you can do with it.
- How
find the the right life insurance policy for you.
Q&A
In each episode, I take
questions from listeners. If you do have any questions that you
want answers to, feel free to email us at askchris@thechrisberryshow.com.
Here are the questions I covered in this episode:
- A
client asked: My spouse passed away with lots of medical bills. Do
I have to pay those? We have a house owned jointly and I was a
beneficiary of her retirement account.
- Levi
asked: "My wife and I are both in our 50s and are expecting a
large check from her father's estate in the amount of about
$100,000. It's in the final stages of process and we should receive
our portion within 90 days. The question is, what should we do with
this check once we receive it?"
- Ronnie asked: “Do grandchildren have a right to
an inheritance, and does their name have to be on the will to
receive it, and can they fight it?”
- Larry
asked: "Is life insurance a good way to leave money to my
children?"
- Donald asked: “How can I get my deceased
mother's money from the bank? She has money at the bank, but passed
away.”
Links & Resources
TheElderCareFirm.com
CJBerryGroup.com
TheChrisBerryShow.com
Michiganestateplanning.com
Register for one of our free estate & asset
protection workshops
Farm Bureau Insurance
Follow us on Social Media
Twitter: www.twitter.com/ElderCareFirm
Facebook: www.facebook.com/chrisberryshow
LinkedIn: www.linkedin.com/in/christopherjberry