It’s not just older Boomers, 65 and over, who are worried about skyrocketing long-term care costs. According to a 2012 Buyer Study by the American Association for Long-Term Care Insurance, 53% of buyers were younger than 65 and going for combination policies.
In 2011, 48% of the buyers fell in that age group.
Combination policies include life insurance with the option for long-term care benefits. For the advantages and disadvantages of these hybrid policies, pick up a copy of A Boomer’s Guide to Long-term Care.
Best wishes,
George
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