Q: How do I evaluate long term care insurance for myself and my spouse? We’re both 45. I heard it’s better to buy it when you’re young.
A: With the way the winds of change are blowing, it probably is a good idea to look into buying long term care insurance now vs. waiting. Why?
- The price of long term care (LTC) has been increasing dramatically, a trend expected to continue for the foreseeable future. Depending on the extent of the care needed, even individuals with substantial assets may have trouble covering these costs on their own.
- The price of