Long-term care costs could bankrupt retirement

09/23/2013 | Financial-Planning.com

As a result of premium increases and cancellations, long-term care insurance policies may not be the best choice for clients looking to shield their retirement assets. Nearly 70% of retirees will need some type of long-term care, according to one study, and it could cost an average of $220,000 for couples in their golden years. This article looks at the types of long-term care insurance alternatives available to clients, including combination policies and single premium modified endowments.

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