Can You Buy Long Term Care Insurance For Your Parents?

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   David RacichPRO

   Fountain Hills, Arizona

   Interesting, some baby boomers are taking the initiative to purchase long term care for their parents thinking they ultimately will bear the financial burden, so they preemptively purchase long term care for their parents. Of course the parents must willingly sign as the insured’s, but why wouldn't they? They get the coverage, their kids get the bill.
     

   Answered on June 13, 2013

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