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Remaining healthy in the later years is something we’d like to take for granted. However, one of two people eventually needs some kind of long-term health care, whether at home, in an assisted living facility or in a nursing home, according to Karen L. Mauro, a certified financial planner with ARS Financial Services, Inc. in Jericho.
Mauro said long-term insurance is a neglected area, simply because many would rather avoid thinking about aging in general. “People would much sooner buy homeowner’s insurance, even though the chance of a home being destroyed is a lot less than one in two,” she said.
Added on: Thu Mar 05, 2009 10:33 am by :
simon
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Yeah, we often tend to neglect the issues related to living long and therefore overlook the importance of long-term care. But this can be taken care of by planning early. If you have saved enough in your lifetime you may not need the protection of long-term care insurance, but since most of us don’t save regularly, long term care plans can help us in building the asset that we might need during old ages.
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