Deciding on Long-Term Care Insurance for a Retiree with $11,000 Monthly Income
Thursday, 28 March 2024, 13:58
Should a 72-Year-Old Retiree With $11,000 Monthly Income Consider Long-Term Care Insurance?
A 72-year-old retiree receives $11,000 a month in income excluding retirement savings. With a solid healthcare plan and a substantial pension from 25+ years as a county nurse, the question arises whether she should invest in long-term care insurance for added financial security in the future. Evaluating the need for long-term care insurance is crucial considering the existing healthcare benefits and extensive retirement income.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.