Taking a Hard Look at Long-Term Care Insurance
For many Americans, buying insurance to cover your home, car and health is standard practice. But long-term care insurance is a mystery for many, even though it offers important financial protection against some of life’s uncertainties. The goal of long-term care (LTC) insurance is to protect the policy owner from footing the entire bill of an extended stay in a healthcare facility, such as a nursing home or rehabilitation center. Because there’s no telling whether you will need long-term care in the future, and the costs can run very high…
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