CHICAGO (AP) — It's the financial protection that many will need in retirement but few are willing or able to buy. Long-term care insurance scares off most people because of the cost.
For married couples, an increasingly popular option called "shared care" may make it more feasible by providing expanded coverage for less money than would otherwise be the case.
Under these joint policies, couples purchase a combined pool of benefits that can be used by either or both spouses.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
