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Pros and Cons of Long-Term Care Insurance. Long-term care insurance can play an important role in your long-range financial plan, but long-term coverage isn’t cheap. Long-Term...
If you have a long-term care insurance policy, you have more flexibility to decide how you receive treatment and where. For example, you could spend the money on a home healthcare worker...
Learn the pros and cons of long-term care insurance, what it covers and whether it’s right for you.
Long-term care insurance is a type of coverage that helps offset the costs of long-term care as people age. It covers most of the expenses that aren’t covered by Medicare —things like assisted living facilities, nursing homes, in-home modifications and caretakers.
Pros Cons; Should you need long-term care, a policy can offset a considerable amount of the costs associated with that care, providing some protection for your financial assets as you age.
Insurance companies offer many different long-term care products with various bells and whistles (such as LTC with life insurance or annuities), so it is important to determine what you...
Pros and Cons of Long-Term Care Insurance. Photo: Cecilie_Arcurs/Getty Images. Is long-term care insurance a wise purchase? Here are five questions you can ask to see whether this type of insurance will benefit you. Key Takeaways.