Does LTC Equal TLC ? You decide.

I’m quickly finding out that the word easy is used less and less, especially when dealing with Seniors. The last topic I discussed was if a Senior needed to enter assisted living and the signs indicating it might be a good move. Today I am embarking on a series dealing with Long Term Care (LTC) insurance.

This again is NOT a slam dunk. There are a myriad of costs and risks that must be factored into the decision of buying or not buying LTC. The monthly premium,  the likelihood of  needing this  care, are there other ways of funding this, and a myriad other concerns.  Before I embark on this series, let me state, categorically, that I am NOT a financial wizard, so I will speak only in broad general terms. Furthermore, I will not endorse one group or policy over another.

There can also be benefits to this type of insurance and I plan to give an overview of what these could be. Of course, every situation is different, be it financial or other, and the pros and cons must carefully be weighed.

My goal in this brief series is not be the expert in a very complex topic. Rather my goal is to  educate us all, helping everyone explore options that best fit their particular goals and needs. Join me next week when I kick this series off by exploring the COSTS and RISKS of LTC.