So, why exactly is it that Americans — and residents of many other developed countries — do such a truly terrible job of planning for long-term care (LTC) costs?
Many consumers are broke, the world is uncertain, and people hate to think about having difficulties with the activities of daily living.
But people also hate thinking about getting sick, suffering from a disability, getting into an automobile accident, or dying, and they seem to be much more likely to use private insurance to protect themselves against those risks than they are to use LTCI to protect against LTCI.
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