Today your host Josh Null and co-host Jay Stubbs things you need to know about long term care.

• Independent or assisted living facilities often have waiting lists that are months or years long
• Your age is one of the most significant factors to consider when deciding on the timing of a long-term care insurance purchase
• Cashing out an asset-based long-term care plan may trigger a surrender charge. This surrender charge is typically a percentage of the policy's value so if you have a significant amount of coverage, the surrender fee could be on the steep side