109 - Care Fees Financial Planning
Maven Money Personal Finance Podcast
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Care Annuity
Insurance companies make bets on a large group of people, and they get it right. The family have what i call a concentrated bet. It's a one off bet, and t they're potentially contemplating exchanging a hundred and 25 thousand lump sum for an annual rising income. If the family were to risk it, the money would run out in approximately ten to 15 years. But again, you may be in a situation where mamdad does live longer than the average.
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