You’re paying premiums for a long time before you’ll likely need the benefit.
Ask yourself: If I had to pay $8,000 a month for a nursing home starting tomorrow, how long would my savings last? If the answer is "not long" or "it would leave my spouse broke," it’s time to shop for a policy. hybrid policies based on your current age? should i buy ltc insurance
Since about 70% of people over 65 will eventually need some form of long-term care, 1. The Reality Check: What Does it Actually Cover? You’re paying premiums for a long time before
Traditional policies don't pay out if you never end up needing care. You could pay premiums for 30 years and get $0 back. should i buy ltc insurance