Author Topic: Long term care insurance  (Read 72 times)

tracycoultas

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Long term care insurance
« on: August 26, 2021, 04:18:13 PM »
Any input is greatly appreciated!  I'm a WA state resident.  They just imposed a state tax mandate for long term care (WA Cares Fund,,,if you care to look).  I can opt out but must have a policy in place prior to deadline.  Of course all the insurance companies are denying underwriting until the day after the opt out deadline so my only option is a LTC (long term care) rider on a whole term life insurance or on an IUL (indexed universal life).  I have NO desire to keep either of these but don't want to be stuck with the WA tax ($.58 per $100 taxable wages).  Does anyone have advice for whole life insurance vice IUL?