Do Your Parents Need Long-Term Care Insurance?
As our parents age, the likelihood of needing long-term care increases, raising concerns about the financial implications of such care. Long-term care insurance (LTCI) offers a potential solution to protect assets and ensure financial security in later years. This article examines the necessity of LTCI for aging parents, discussing the factors to consider and the benefits it can provide. From the rising costs of long-term care to the eligibility criteria for LTCI, discover how to assess your parents' needs and make informed decisions about their financial future.