Important Considerations in Buying Long-term Care Insurance

The long-term care insurance provider Genworth, has reported that in 2015 the annual median cost of an assisted living facility cost $43,200 a year on average and a nursing home cost anywhere from $80,300 to $91,250 annually. The need for having long-term insurance has increased as more people are living longer. Policies for long-term care insurance vary in price and coverage. Below is an article that summarizes some of the important considerations in buying long-term care insurance.
See Donna Fucaldo, How To Buy Long-Term Care Insurance Cheaply, Investopedia, February 23, 2016. 

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