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Is Long-Term Care Insurance a Good Idea?

Is Long-Term Care Insurance a Good Idea? When deciding whether or not to buy long-term care insurance, consider the potential cost of care, the cost of insurance premiums, and the coverage provided. There is a good possibility that you or your spouse will eventually require some form of long-term care (LTC). According to the Centers for Medicare & Medicaid Services, at least 70% of people aged 65 or older will require some form of long-term care services and support during their lives.1 Whether you or your spouse will be among this group ...