When it comes to traditional long-term care insurance, the author of today’s article acknowledges that “for the typical retired couple in the United States, $3,200 a year is a meaningful expense. Especially when they are paying for something that they might never use.” As such, he provides an overview of how the insurance industry has changed over the last several years, offering alternative products in order to respond to the fact that many people are not buying the insurance that they will need due to its “use it or lose it” nature. To read more about these options – “linked-benefit” life insurance products, long-term care annuity products and accelerated death-benefits, CLICK HERE.
