When should you buy long-term care insurance?

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Purchasing Long-Term Care Insurance

By |September 9, 2020|Categories: Uncategorized|Tags: , , |

You Will Need Long-Term Care

When it comes to long term care insurance, some may opt to believe that they do not have a need or want for this type of insurance. The idea of never needing long-term care is a desirable one however, given that over 40 percent of  those who turn 65 or older will require a nursing home, this is not always likely. You should also note that most nursing home residents stay for up to five years and in in places like New York City, those costs can easily equate to $100,000 annually.

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