Long-term care insurance can help by covering some of the medical and support services that people with degenerative conditions, cognitive disorders or other long-term illnesses will need. Learn More: ...
Forbes contributors publish independent expert analyses and insights. Steve Vernon, FSA, helps retirees make their money last for life. “Should I buy long-term care insurance?” I’m often asked this ...
If you think you’ve saved enough for retirement, you may not be thinking about long-term care. The long-term care industry serves people who cannot perform everyday activities, like dressing or eating ...
Years ago, when I was reporting on health care for The Connecticut Mirror, it was hard to get through a week without hearing about trouble brewing in the long-term care insurance industry. Frustrated ...
With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...
“We’ve been paying into long-term-care insurance since we were in our mid-50s,” said a friend, now in her late 60s. “But with all of the premium increases, we might have been better off just investing ...
Long-term care insurance can ensure you have the help you need for day-to-day living. There are three main types of long-term care insurance, and which one is best for you will depend on your ...
Many older adults have concluded that they’re better off covering long-term care expenses out of their own pockets if they end up needing it. Years of rising premiums on long-term care insurance, ...
Adriana Falcón Trafford took out a long-term care insurance policy in 2001. When she signed up for the plan, the annual premium was $2,608. Now, it’s close to $7,000. Credit: Shahrzad Rasekh / CT ...
We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Myles is a former senior insurance editor for Investopedia. He oversaw the strategy ...
Dear Savvy Senior: My husband and I have been thinking about getting a long-term care insurance policy, but we hate the idea of paying expensive monthly premiums for a policy we may never use. Is long ...