Choosing Long-Term-Care Insurance

Nothing can wipe out your life savings quite like the cost of long-term care.

One day you’re enjoying the good life in your plush condo in Boca, the next thing you know you’ve had a stroke, you’ve moved into a nursing home, and within a few years there’s nothing left for you or to bequeath to your children.

Long-term-care insurance is essential if you want to avoid this scenario for you or your parents. This insurance will cover the costs of chronic care should you become unable to perform the basic activities of daily life such as dressing and bathing. Nursing home care costs an average of $75,000 a year. Round the clock in-home care can cost even more. A long-term-care policy is the best way to ensure that you don’t lose your life-savings on nursing care, become a burden to your family members or lose your choices for how you want to live.