Chapter 9. Long-Term Care Insurance

 

“I will gladly pay you a dollar Tuesday for a hamburger today.”

 
 --Wimpy from Popeye

When it comes to paying for the cost of long-term care in a nursing home, the option of paying later is not a good option. Arranging your finances now so that you will have the resources to pay for long-term care when it is needed is an important consideration for baby boomers and their parents. Evolving to meet that growing need is long-term care insurance. Much has changed in the last few years in regard to long-term care insurance. This chapter gives you the most up-to-date information you need to determine whether long-term care insurance makes sense for you and, if so, what you should consider in making that purchase.

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