Evaluating the Need for Long-Term Care Insurance

As health care costs continue to rise, older Americans who rely on long-term care are being increasingly impacted. For many, long-term care (LTC) insurance may present an option to help manage these costs.

James Bremis offered some insight into why people may want to consider getting LTC insurance when they are in their 50s. He explains how "When you're younger, there are usually a lot of other competing priorities — kids, college funding, etc." that may make LTC insurance a lower priority. When you are in your 50s, you may have more funds available to put toward your retirement and health needs. 

"At that point, retirement is front of mind, and people begin to seriously think about situations that they may have struggled to fathom earlier in their lives."

Interested in learning more? Check out the full article at CBS News.