There are times you should - and shouldn't - purchase long-term care insurance. Find out when those times are here.
There are several financial decisions you'll need to make as you plan for retirement. One of the most important of those decisions is whether or not you'll purchase a long-term care insurance policy. Most people ages 65 and older will need some form of long-term care. And since that care can cost over $100,000 a year, failing to plan for it can have a detrimental impact on your quality of life in retirement.
But future good health isn't promised. As such, it may be a good idea to lock in coverage now if you're in healthy. 3 times not to buy long-term care insuranceThough there are times it's wise to buy long-term care insurance, there are also times you may want to consider other options. Here are three times in which you may want to look for alternative solutions.
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