Do you own any Long Term Care insurance now?
Children, Friends, Relatives:
Do they live nearby?
Can you count upon them as Caregivers?
Can they assist you financially?
Do you want to have to ask them to do so?
Should they be involved in helping you decide upon the purchase of Long Term Care insurance?
$300/day in New York is not unusual.
(That's over $100,000/year)
At that rate how long would it take to destroy your Life's Savings and put you and your Spouse (or Widow) on Welfare?
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