Using a Single Investment to Meet Multiple Financial Goals
Wall Street Journal (04/02/02) p.C1; Clements, Jonathan

Those who own cash-value life insurance policies should make use of them, perhaps by borrowing against the cash value to pay bills or nursing-home costs, writes Jonathan Clements for the Wall Street Journal. A cash-value policy with long-term care benefits is an alternative to a standard long-term care policy. Financial planner Richard Van Der Noord notes that the long-term care provision in a cash-value policy gives the policyholder access to 2 percent to 4 percent of the death benefit every month to pay for long-term care.

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