We all need to be prepared for the possibility of long-term care. But when it comes to buying long-term care insurance it’s hard not to get sticker shock. Should you consider it as a part of your financial plan?
Show notes and additional resources: https://financialplanningva.com/should-you-buy-long-term-care-insurance/
0:18 – The premiums of long-term care is pricing half of baby boomers out of the market.
1:50 – Do you need long-term care insurance?
2:39 – Look at the math on long-term care insurance.
4:57 – If something happens, how will you pay for both you and your spouse?
6:28 – Consider the opportunity cost of long-term care insurance.