Your Family and Long-Term-Care Planning

Don't ignore your family's long-term care needs. Long-term-care insurance is out there, but the costs are very high. Still, unless you are very wealthy or very poor, you will need to insure some of the long-term-care risk. Deciding how much insurance you want to buy is tricky – don't overextend yourself on insurance you can barely afford. Also, remember that long-term-care insurance can be difficult to obtain. Read the fine print before you agree to any insurance policy. Remember that women are the ones who typically require long-term-care. These decisions aren't easy, but they can keep your family afloat when a long-term-care event occurs.