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Failing Health Could Drain Your Retirement Savings: Consider Long-Term Care Insurance
Investopedia 
July 20, 2007 Excerpt: Don't think you'll need long term care? Statistics from the Department of Health and Human Services suggest otherwise. They state that by 2020, 12 million older Americans will need long-term care. Individuals who reach age 65 have a 40% chance of entering a nursing home, and about 10% of the people who enter a nursing home will stay there for at least five years. Life expectancies have increased; if your ancestors lived long and healthy lives, it could mean that you are likely to live even longer. MORE >> |
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