what is your current opinions on the two: continuing care facility or continue with long term insurance

Terry Says:  Long term care insurance is designed to pay the money for a continuing care facility, or a nursing home, or for home health care.  The concept of most continuing care facilities is that you move in while you are independent and healthy — and then when you need care you move to a portion of the facility where they can offer more attention.  But the real issue is cost.  It can be very expensive. Either you pay for a continuing care facility up-front (perhaps by selling your home when you move in) or by paying a fee, and then additional monthly amounts depending on the level of care you need.   Money from a good LTC insurance policy can give you flexibility to have home health care.

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