The case for buying long-term care insurance

CBSNEWS.com

The risk of having your financial security disrupted by the unexpected costs of a long stay in a senior care facility is an important financial planning consideration. But most people don’t think about buying insurance to cover this risk until they’re older. The problem is that if you don’t buy the insurance until you think you’ll need it, it can be expensive or no longer an option. READ MORE

Boomers, Millennials And The Long-Term Care Divide

FORBES.com

The Aging Across Generations study, conducted with the J&K Solutions research firm, found that 27% of Millennials would give their parents or loved ones a “failing grade” due to not planning for, or talking about, their long-term care needs.

The kids say they’ll do better: 56% of Millennials surveyed think they will plan for their long-term care needs more effectively than previous generations. READ MORE