Long Term Care
Considering the need for nursing home/ elderly care is difficult to think about. No one wants to imagine the need for such care. However, by reviewing your parents aging, you can grasp the concept a little easier.
LTC insurance is not needed by everyone, however this list may help you decide.
If your parents or grandparents are alive and using an elder care facility or service:
- At what age was it required
- How long did they/have they needed the service
- What is/was the daily cost
- How long until you may need it