Long Term Care: It's not the risk but the consequence

Long-term care (LTC) insurance can play an important role in the overall financial planning process,providing a variety of important benefits: It can be one of the most viable means for covering the costs associated with long-term care and helping you protect your retirement assets for their intended purpose. It can help to reduce the burden of care that often falls on other family members. It may enable you to control where you receive care, including in nursing homes, assisted livingfacilities, adult day care centers, and home settings — where many people prefer to stay. It may be less expensive than you might think. The cost of coverage is based on your age and health when you apply. The younger and healthier you are when you apply, the lower your premiums.