In this episode, The Annuity Man and Bill Black discuss:

• The predictability of death
• Long-term care rider
• Beating life insurance with investing
• Being wary of "tax-free income"

Key Takeaways:

• Death is predictably imminent. We'll never know when we'll pass or if we'll be needing long-term care somewhere along with our life. That's why it's best to get a life insurance policy with a long-term care benefit rider.
• Getting standalone long-term care is not as good as getting it as a rider for an insurance policy. As a rider, the 1%, 2%, or 3% benefit can be turned on or off as needed, which means you've got a lot of choice in the matter and that the money won't disappear in case you don't get to use it.
• If you want to beat life insurance with investing, you'd need to earn 10% of your money every year for the next 30 years. If you can do that, you should be running a hedge fund.
• When looking at high cash value policies, don't fall for "tax-free income"; it's actually a loan.

"There are no silver bullets - there's nothing out there that's always the right answer, or never the right answer." — 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

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