Is Long-Term Care Insurance Right for You?
As medicine has advanced over the past several decades, lifespans have happily increased, and people are living longer, healthier lives well into retirement. However, one downside as people age further and further is the need for skilled, long-term care. Long-term care is extremely expensive – in some cases, it may cost more than $10,000 a month for a senior citizen in a nursing home. Long-term care insurance was created to help defray the costs of long-term care, but there are many things to consider before buying this type of insurance.
