A recent study by the AARP Public Policy Institute concludes that the likelihood of needing long term care in retirement poses a significant challenge for most households. The cost of long term care has risen each of the past five years with annual costs of $40,000-$80,000 that would financially devastate many American families.
Since most Americans do not want to rely on family for care and cannot qualify for Medicaid assistance, buying long term care insurance is the best option to protect their families and their nest eggs.
READ MORE: The Unaffordability of Long Term Care
