Category Archives: Insurance,Retirement
I Was Quoted $7,000 Per Year for Long-Term Care Insurance. Is That Too Much?
At $7,000 per year, or about $583 per month, a long-term care policy like this is priced higher than average for what most people can get. According to market data from the American Association for Long-Term Care Insurance (AALTCI), a
I’m 68 and My Long-Term Care Insurance Now Costs $600 Per Month. Is This Too Much?
Imagine that you’re 68 years old and have a long-term care insurance policy in place that will help you pay for this all-important type of care later in life. You pay $600 per month in premiums and tell yourself it’s
I Was Quoted $2,000 Per Year for Long-Term Care Insurance. Is That Too Much?
Long-term care insurance is an important way to mitigate risk in retirement. Unexpected health issues and the related costs can take over a retiree’s financial life if they don’t have a plan to pay for costs of care. The cost