Long-term care insurance may not be not the panacea it promised to be

09/4/2013 | Financial-Planning.com

In a recent survey, the cost of long-term care ranked as one of the two top concerns for investors with more than a quarter of a million dollars in assets. Advisers and their clients have sought to address the issue with long-term care insurance policies, but a series of highly publicized lawsuits has raised red flags about their viability. This article discusses whether the traditional individual long-term care insurance policy is the right solution for covering these health care costs and looks at a few of the new products being offered.

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