In a recent issue of Kiplinger’s Personal Finance, this question was posed: “What is the rule of thumb for the assets you need to self-insure against potential long-term-care costs versus paying premiums for long-term-care insurance?”
Here is their answer:
“Everyone who can afford the premiums should at least consider buying long-term-care insurance, no matter how much savings […]
I often speak with consumers who have a net worth of 2 million dollars or more and who assume that their decision to self-insure is the smart one. Of course, everyone has to determine what the best course of economic action will be for their own future, but some are raising questions about whether it […]
Affordability is a vital ingredient in any successful long-term care insurance plan. And there are ways to help make this kind of insurance more affordable without sacrificing good coverage.
If you receive quotes from several highly rated insurers and yet find that the premiums are still too much to bear, there is no need to panic […]
The Corporation for Long-Term Care Certification included an eye-opening article in one of their recent newsletters indicating that some of the financial assumptions that has been made about out-of-pocket expenses for long-term care has not been entirely correct. Here is an excerpt from that newsletter:
“A new analysis found that newly 30% of LTC costs are […]