Long-Term Care (LTC) Insurance
Categories: Insurance
Life insurance pays off when you die. But what about the previous few years? What happens during the period of time you spend sitting in a wheelchair at the edge of family events, drooling into your collar, waiting for someone to change your diaper?
Long-term care insurance will take care of it. It’s a form of insurance that covers care for elderly or disabled people. You pay premiums while you're healthy; then, if you end up needing it, the insurance covers the tab for things like nursing care or an eldercare facility.