Category Archives: Long-Term Care Insurance

Here’s What You Need to Know About a Long-Term Care Insurance Policy

When you prepare for any upcoming investment or purchase, you probably run into some unfamiliar language or terminology in your research, which can be frustrating and downright confusing. Searching for a long-term care insurance policy is no different. A long-term care insurance policy describes coverage under the policy, exclusions and limitations—and can be laden with industry jargon. Here’s a breakdown of the fundamentals:

6 Things You Didn’t Know About Long-Term Care Insurance

When you think of long-term care insurance, what comes to mind? Unfortunately, some people hold certain misconceptions or have an unfavorable opinion of long-term care insurance, largely stemming from issues related to its early days. But that was then. Today, there are more options focusing on straightforward and flexible long-term care solutions. Let’s take a look.

One of the Biggest Myths About Long-Term Care

Many people aren’t planning for their future long-term care needs because they think the government will pick up the tab. That’s just not true for most individuals. Given that about 70% of people over age 65 will need some type of long-term care in their lifetime, according to the U.S government, this is a serious mistake to be making. Here’s why.

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