In this episode, The Annuity Man and Bill Black discuss:  Who needs long-term care?  Transferring wealth to your heirs tax-free  Maximizing your death  What good insurance companies do    Key Takeaways:  If you live long enough where you aren't able to feed, bathe, transport, or dress yourself anymore, you're going to wish you had long-term care set in place.  Long-term care benefit is tax-free, and so is the death benefit. You can set it up so that if you don't spend the benefit or only spend some of it, the rest will go to your beneficiaries or heirs. Even if you don't use it, your heirs will still benefit from it.  Death is a one-time strategy, so maximize it. Get insurance so that when you go, you'll cover your heirs with a tax-free transfer of wealth instead of leaving them a financial burden.  Good insurance companies don't take any money until they are ready to offer their policy to you. That way, there wouldn't be any burden or pressure on the client. You'll only pay whenever you decide you're happy with the contract.    "The percentage of the people that are going to need long term care is somewhere around 60-70%... long term care [is] you can't do two out of the six activities of daily living, you can't feed yourself, you can't bathe yourself, you can't transport yourself, you can't dress yourself." —  Bill Black   Connect with Bill Black: Website: http://www.whbco.com/ LinkedIn: https://www.linkedin.com/in/whblack/      Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: [email protected]  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator! 

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