Choosing the Best Long-Term Care Insurance Policy
Don't hurry. But don't wait too long. That's the conundrum when you're considering long-term care insurance. It's one of those things most of us would rather put off thinking about. After all, nobody likes to contemplate the downside of growing older. However, while determining whether you need the coverage and what type of policy makes the most sense aren't decisions you want to rush, the sooner you make them, the better off you'll be.
The first step is assessing whether you need long-term care insurance based on your personal situation, the type of care you want, and what you have saved for retirement. The first article in this series explored how to go beyond just crunching the numbers as you consider your options. It's a big decision that requires thoughtful discussions and working through different scenarios -- both financial and emotional. Once you're confident that long-term care insurance makes sense for you is it time to move on to Step 2: figuring out which type of policy best fits your needs.
Ready to take the next step? You've come
