Accessing home value to fund long-term care

[Big_Hitter]

Most individuals will need long-term care (LTC) at some point as they get older. This article describes new mechanisms to fund LTC using housing wealth.

This article was originally published by the Society of Actuaries.

https://www.milliman.com/en/insight/the-home-stretch-accessing-home-value-to-fund-longterm-care

Happy New Year Everyone!

 

[Markola]

Are there new mechanisms or are the authors advocating for the creation of such new products? There is certainly a need for such products.

 

[Big_Hitter]

Are there new mechanisms or are the authors advocating for the creation of such new products? There is certainly a need for such products.

looks like this would be a new product and I would definitely be interested if offered