What are some of the
pros and cons of getting this insurance?
QUESTION:
I am 58 and not yet retired. My financial planner is encouraging me to
buy nursing home insurance. It would cost close to $1000 per year. My
family is very healthy so my chances of needing nursing care are low
but the family members also live a long time (95-100). What are some of the
pros and cons of getting this insurance?
ANSWER:
I don't know all the pros and cons - but I made a point of asking an
agent who has many senior clients - about the ages of most of his
clients who opt for long term care insurance. He said - late 60's\
early 70's. So for whatever that is worth.
