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Should You Buy Long-term Care Insurance?

POSTED BY
Linda

senior citizensAs the baby boomers get older, they face an important question: Who is going to take care of them when they can no longer care for themselves? About 13 percent of Americans try to answer this question by buying long-term care insurance, which is a fraction of those who will need help. Yet issues with long-term care insurance, including rising costs and exclusions, make it less popular than it was a decade ago. Fewer people are buying long-term care insurance, fewer companies are offering it, and medical underwriting is getting more stringent as premiums rise. Is long-term care insurance a good option for you? The question is not as easy to answer as you might think. Read all about it on Living on the Cheap.



Posted by Linda on May 28, 2016 | Updated May 25, 2016 Filed Under: Consumer Advice · Financial

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