Long Term Care Insurance
Long Term Care Insurance - Americans are living longer than ever before. Many of us, our friends and relatives, will require long-term care at some point during our extended lifespan. Disabling accidents or chronic illnesses that require basic levels of assistance such as bathing, dressing, or transferring (getting in or out a bed or chair) affect the working age adult as much as the retiree. With LTC costs increasing due to the growing boomer population and shortage of caregivers, planning is essential to securing your financial future.
Before the need for long-term care arises, you should consider:
~ Where will the money come from to pay for care?
~ How will this affect your family?
~ What impact will this have on your retirement savings?