When Is Long Term Care Insurance A Good Idea?

  1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Most advisers begin addressing long term care insurance with their clients and prospects around age 50. But it seems that many seniors purchase it in their early 60s. The #1 risk in retirement is human longevity. Living longer impacts retirement funds and the increased probability of needing assisted living and/or nursing home care.
    Answered on August 21, 2013
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