I’m getting older — both my wife and I are over 50. If they still published it, we’d be getting “Modern Maturity“. So a recent headline caught my eye about people in their 50s needing to think about purchasing long term care insurance before they get much older. Having seen some cases where it has been a life-saver, the notion has stuck in my head.
The problem? I know absolutely nothing about long-term care insurance. I don’t know what to look for or avoid in policies. I don’t know who the reliable carriers are, and who to avoid. I don’t know the tricks of the trade.
So, given that I’ve probably got some friends who are my age, I’m turning to you. What is your advice on long term care insurance… and what other gambling schemes (uhh) types of insurance should I be looking into as I get older?