Long-Term Care (LTC) Insurance

Categories: Insurance

Life insurance pays off when you die. But what about the previous few years? What happens during the period of time you spend sitting in a wheelchair at the edge of family events, drooling into your collar, waiting for someone to change your diaper?

Long-term care insurance will take care of it. It’s a form of insurance that covers care for elderly or disabled people. You pay premiums while you're healthy; then, if you end up needing it, the insurance covers the tab for things like nursing care or an eldercare facility.

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