Long-Term-Care Insurance at a Glance

Long- term- care insurance is oftenmisunderstood. Long-term- care insurance is a means to give custodial care anelderly person becomes unable to do the daily activities needed for survival.Most newer long-term-care insurance policies cover dementia. Your premium isaffected mostly by your health, age, how long you have had your policy, thebenefit allotted per day, and your inflation protection. The cost in long-term-care insurance is rising unpredictably. Some alternatives that peopleinterested in getting long-term-care insurance should consider are lifeinsurance policies with long-term benefits. Married couples might want to lookinto getting an annuity that pays out some health care cost whilesimultaneously preserving savings for the other spouse. For more information orhelp online, to get estimates that are more exact  you can visit Genworth Financial Inc. or MetLife Inc.

See Kelly Greene, What You Need to Know About Long- Term-Care Insurance, The Wall Street Journal, Jul. 1, 2013.

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.