What Kind Of Insurance Is Long Term Care?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Long term care is a morbidity insurance product to help mitigate the cost of assisted living and/or nursing home confinement. The #1 retirement risk is human longevity, that can place stress of fixed incomes for seniors. Long term care insurance can help with these expenses that generally occur later in life.

   Answered on August 6, 2013

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