Deciding on long-term care insurance has typically been filed under “head in the sand” by most families and individuals. If you are like most people, age 50 or older, you probably have thought about long-term care. However, you delay the decision to protect yourself and your family. Usually, the decision to learn more about long-term care insurance happens when you experience a defining and stressful moment. What are these moments? You of your spouse receive an Alzheimer’s diagnosis. Or your parents or in-laws need long-term care and are looking for help from you! No longer is long-term care becoming an “if” you need it. Look at your parents, friends, and the fact that we are living longer. Long-term care is becoming a “when” you need it. In this article, we will discuss your long-term care options.
You surely have heard of long-term care insurance. Anywhere you read or hear, someone is talking about the need for long-term care, the associated effort that comes with self-insurance or caring for someone in need, the need for some type of insurance, and how expensive the insurance can be. [Read more…]