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The Real Reasons People Decide to Buy Long-Term Care Insurance

September 11, 2020

From the Kiplinger website

In simple terms, long-term care insurance is about paying for assisted living or nursing home care as you age or in the event of a chronic condition or disability. Deciding whether it makes sense for you can seem like a basic math equation. All you need to do is weigh the probability you’ll require long-term care against the coverage costs and your savings, right?

Crunching the numbers is important, but deciding you need long-term care insurance — or you don’t — is rarely just a calculation of risk vs. costs. To make the right decision, it’s important to also weigh factors beyond dollars and cents. 

Consider the following reasons as you assess your coverage needs.

From → Finance

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