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Personal Finance After 50 For Dummies, 2nd Edition
book

Personal Finance After 50 For Dummies, 2nd Edition

by Eric Tyson, Robert C. Carlson
September 2018
Beginner content levelBeginner
480 pages
10h 40m
English
For Dummies
Content preview from Personal Finance After 50 For Dummies, 2nd Edition

Chapter 9

Considering Your Long-Term Care Insurance Needs and Options

IN THIS CHAPTER

check Discovering long-term care and your options for financing it

check Looking at long-term care insurance

check Financing your long-term care with personal assets

check Choosing a combination policy

Many Americans in or nearing retirement have two great fears according to surveys: running out of money and needing long-term care (LTC) if they’re unable to care for themselves. These fears are related. After all, long-term care can be expensive, causing you to run out of money and placing a financial burden on your loved ones.

Fortunately, running out of money because of your need for long-term care isn’t inevitable. With a better understanding of long-term care and some planning, you can dramatically reduce the possibility of either of these fears coming true. Many people don’t plan properly, because long-term care financing options can be confusing. Also, long-term care insurance (LTCI) seems expensive, so folks put it off.

In this chapter, we define long-term care and explore the different ways to finance it. We also ...

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Publisher Resources

ISBN: 9781119543633Purchase book