Monday, August 06, 2007
When to Buy Long-Term Care Insurance
You may struggle with the question of whether or not to buy long-term care insurance. But if you decide that you want it, choosing when to buy it can be even more of a challenge.
Long-term care insurance pays out financial benefits to help you pay the expenses of nursing homes, home health care, and similar needs resulting from chronic illness or disability. Because the cost of such care is so high -- $5,000 per month or more for full-time care in a skilled nursing facility -- many financial advisors recommend insurance coverage to keep those costs from wiping out your entire life savings.
When to Buy Long-Term Care Insurance
Source: Motley Fool
Long-term care insurance pays out financial benefits to help you pay the expenses of nursing homes, home health care, and similar needs resulting from chronic illness or disability. Because the cost of such care is so high -- $5,000 per month or more for full-time care in a skilled nursing facility -- many financial advisors recommend insurance coverage to keep those costs from wiping out your entire life savings.
When to Buy Long-Term Care Insurance
Source: Motley Fool
Permalink posted by armandn @ 7:46 AM 
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