As health care costs continue to climb, there are four words you’re going to hear more and more over the next few years … “long-term care insurance.” It’s something more retirees — and pre-retirees — will want to seriously consider to prevent their savings from getting depleted as they age.

Here is a primer on long-term care insurance, as well as another long-term care option that can help further protect your retirement savings.
What is long-term care insurance?
Much like health insurance, long-term care insurance is a financial product designed to help you pay fo…

It seems we’re back to identifying the times in which we live as BC and AD — life before COVID and life after the disease, for the COVID-19 pandemic has brought about “a fundamental schism” in the way we live. “In every area of our lives, we are wondering what the “next normal” will be in the post-COVID era. Long-term care is one such area of concern.

What is long-term care? The U.S. Department of Health and Human Services’ Administration on Aging describes long-term care as the “services and supports necessary to meet health or personal care needs ove…