Annual premiums are a big commitment, but long-term care insurance “can potentially save you tens of thousands of dollars a year if you’re unable to care for yourself,” says Suze Orman.
Several people discuss why they have purchased long-term care insurance: It offers them choice and control over care if they were to need it. Plus they and their loved ones have peace of mind that there is a solid plan in place for future care.
What can you do to lessen the impact on your and your family? Start by learning about the cost of long-term care services and coverage options.
Waiting too long to address your long-term care needs can have serious consequences. LTCI can protect your finances and provide the care you need.
If she had tapped her savings for $3,000 a year for a long-term care insurance policy, she could have conserved a large portion of her savings