LTC in the News: Does long-term care insurance still make sense for 75 year-olds?
April 2nd, 2024
The CBS News article, "Does long-term care insurance still make sense for 75 year-olds?" examines the viability of purchasing long-term care insurance (LTCi) at age 75. It highlights that while premiums can be substantial—potentially thousands of dollars annually—the escalating costs of long-term care services, which can exceed $100,000 per year, may justify the investment. The article emphasizes that nearly 70% of adults aged 65 and older will require some form of long-term care, suggesting that obtaining LTCi at 75 can provide financial protection and peace of mind.
*Originally published in CBS News' MoneyWatch: Managing Your Money
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