Ask Terry Questions long term insurance

long term insurance

By Terry Savage on February 16, 2025 | Insurance & Annuities

C AN A PERSON BUY LONG TERM INSURANCE AT 79 YEARS OLD ?

Terry Says

No. That would be incredibly expensive. You’re better off saving your money at this stage and self-insuring. The average stay in a custodial care nursing facility is about 2.5 years– unless you have a long stay because of Alzheimer’s or stroke. You’re likely beyond that stage at this point!

money

ASK TERRY

a personal
finance question