Protect Your Family from Long-term Care Costs

Like everyone, you want to remain physically and financially independent throughout your life. But if you lose some of this freedom, the last thing you’d want is to become a burden on your family. How can you keep this from happening?

First of all, you need to be aware of the risk. Someone turning 65 today has almost a 70 percent chance of eventually needing some type of long-term care, according to the U.S. Department of Health and Human Services. Of course, this doesn’t necessarily mean that you face that 70 percent likelihood. In reality, you have either a zero percent chance of requ...