For many years, Genworth has produced a Cost of Care Survey tracking the cost of long-term care in America. According to the survey, the projected national monthly median costs will be as follows:
One way to pay that is often overlooked is with Long-Term Care Insurance. If you have questions regarding long-term care insurance, you should contact your insurance agent and ask about traditional and hybrid products.
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From time to time we re-post David Hultstrom's Financial Foundations. Mr. Hultstrom, who is a…