Summerlin Benefits Consulting Q&AAnswer
Jan 03, 2025 - 10:00 AM
Life insurance can provide significant benefits for long-term care after retirement by offering a financial safety net to cover healthcare costs as retirees age. Many modern life insurance policies, such as Fixed Indexed Universal Life Insurance (FIUL), include long-term care benefits. These policies allow policyholders to use the accumulated cash value to help pay for long-term care expenses, such as nursing home or in-home care. By leveraging life insurance in this way, retirees can ensure that they have access to necessary funds for healthcare without depleting their other retirement savings, offering both financial protection and peace of mind during their retirement years.
