Tom Basey from Basey Insurance discussedthe importance of a long-term care policy to protect one's assets and legacy.He explained that two out of three people over 65 are expected to need someform of long-term care, typically lasting for three years. He suggested thatpeople consider getting a policy in their 40s or 50s, as it gets more expensivethe longer you wait. He also discussed the different types of policies, thelimitations of Medicare and Medicaid, and the potential of using a reversemortgage to cover long-term care costs. He encouraged people to contact him orvisit his website to learn more about their options. 

Action Items 

1. Consider getting a long-term care policy in your 40s or50s. 

2. Research different types of policies, such as term,hybrid, and life insurance policies, with a long-term care rider. 

3. Contact Tom Basey or visit his website to learn moreabout your options. 

4. Connect with Tom on social media. 

5. Research the limitations of Medicare and Medicaid. 

6. Consider using a reverse mortgage to cover long-term carecosts. 

7. Share, like, and subscribe to the Dead America Podcast. 

Links 

insurance.com">https://basey-insurance.com 

https://www.linkedin.com/in/tombasey 

https://www.youtube.com/c/BaseyInsurance