Hello again, everyone. Chuck Keeton with you along with Coach Pete Derrota, America's financial and wealth coach. 27 a half years of experience on We're talking about the five keys to successful retirement. We've talked about shifting your retirement perspective. We've talked about understanding your investment purposes, which a lot of people don't understand. And we talked about maximizing Social Security. When that time comes, the big one and it really is. And now it is time. As we get older, things kind of fall apart on DSO. You've got to start talking about managing your health risks because, yes, we are healthy today. We hope to be healthy. Knock on wood tomorrow. But that's something we've got to think about a retirement because health care costs are not getting any cheaper and we're living longer, Chuck, which is a good thing and a bad thing a lot of times because, you know, looking at numbers now, the most recent numbers show 70% of everyone watching this. 70% of U and me included chuck. 70% of us will need long some form of long term care in our life. Kind of scary when you think about it really is, and you don't really want to think about it. It's the elephant in the room, but you really do have to. But 68% of folks worry and wonder how they're gonna pay for it, because they haven't taken the right steps. And here's some steps, folks number one by a long term care policy. Now, Chuck, I have been licensed to offer long term care policies for years and years and years. Decades. Guess how many have offered probably close to zero right at 00 well. But here's why. Because when I read the contracts, folks, the contracts of gigantic and you go to the back and that's where all the fine print is. And Chuck, there's no guarantee that they won't raise the rates. You've seen this If you have you heard these stories about people with long term care policies. They started with really good at the beginning. But as they got through life, the rates kept going up to the point where they couldn't afford it anymore, or they had to reduce the benefit to keep the rate to sing. That's not why you did that. Now here's another thing about it. And I know this from having experienced this with my mother, who has now passed on is that somebody tried to sell her one of those also, and I analyzed. It is an amateur that I am on. I came to the same conclusion you did, coach, because even if you go into long term care, how long will it be? In my mom's case, even though we didn't buy that policy, she only lasted about a year and a half after she had to go in to a facility. So it wasn't long term at all for her. Well, I've got numbers here. The average cost right now is $94,000 a year. That's a lot of money. And so or you say, I'm gonna take care of my spouse on my own at home. Now you're full time caregiver, and that doesn't work either. That puts a lot of emotional and financial stress on you as well. All right, so what do you dio? I don't like long term care policies. Coach Peter said that now you know there's nothing wrong, but if you have one, but to analyze to make sure you in the right place. Never cancel one. If you have. When you've been paying for years, make sure you get your benefit's way. They want you to stop paying right when you need it. But there's a new option out there. Chuck and I really like Well, number one, you can say, Well, I've got plenty of money to bank account. I'm gonna pay for it myself. But the numbers keep going up each year. The cost keeps going up, so that's not the best option. Here's a good option. Life insurance. Now everyone out there listening, heard of life insurance. They've actually probably had somebody try to sell in life insurance. They may even have a life insurance policy, folks. Little did you know the last five years there's some major insurance companies now have come out with a life insurance policy that lets you use the death benefit to pay for your long term care. Let me say that again, Major. A plus rated life insurance companies let you use your death benefit Well, you're still here living life insurance, supposed to pay after you die. This is called a living benefit. It's a way for you to take out some of your death benefit and pay for your long term care. Therefore, you don't need a long term care policy anymore. There's no there's never rate increase with life insurance, either. So whatever your rate is, that's what it is. Long as you tell the truth when you start and and then if we're gonna pass away when you pass away, whatever the death benefit has left that goes on to your next to can some of these life insurance policies even build cash value where you can get a tax free retirement account for the rest of your life. So life insurance isn't just for living living people. After you pass away, it's for you. What, you're still here. Very important to have analysis of your life insurance policy. If you currently have one, see if it makes more sense to get that triple play. I call it you get a long term care policy inside your life insurance policy. You have a retirement account inside your life insurance policy, and you have with life. Insurance was set up for a death benefit, so it's a good way to make sure that you have everything covered without worrying about if there's gonna be rate increases in the future, because that's what I've seen in long term care policies. Again, the proper long term care policy is okay. I haven't seen many of but a proper long term care policy built into your life insurance policy gets a plus in my books. Yeah, it makes a lot of sense. Absolutely, it does. You know, the biggest worry people have Chuck, is what's gonna happen if I do need long term care. Where am I gonna get the money now? You get a life insurance policy. It's got a death benefit, say, a million dollars death benefit. A lot of people have more than that, but a million dollars you need $100,000 a year for long term care. Take $100,000 of that death benefit, not the cash value of the death benefit, which is a lot easier for everyone out there. In other words, after day two of getting a life insurance policy, you have a death benefit now in place. That is terrific. And it's very important to learn about all the options out there and not be sold something. So get It could be a comparison analysis and get the facts in writing and see if it makes sense to you. And all you have to do is call the number you see on the screen. Mhm E s.