Long-term care insurance and why it should be seriously considered

Posted May 10, 2019
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Long-term care insurance and why it should be seriously considered
According to the New York Life insurance brochure, about 52% of Americans will develop some type of disability which will require long term care in their future. The estimated cost for just one person needing long term care is $172,000. As with everything, planning ahead is imperative, and long term care insurance is no different. By the time long term care is needed, it’s too late to get long term care insurance. A good time to start thinking of getting it is in your 50’s or early 60’s. In planning for this time in life, asking yourself these questions is ...
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