In this US News article
, 7 long-term care policy provisions that should be reviewed are described. Clark Howard
has long been an advocate of long-term care polices for certain people:
Clark has long encouraged people in their late 50s and early 60s to consider buying long-term care (LTC) insurance, which pays for care in a nursing home, an assisted living facility or in your own home.
LTC insurance isn't necessary if you're so wealthy that money is no object to getting the best care, or if you're so poor that being a ward of the state makes sense. That still leaves between 65% and 80% of Americans in the middle who could benefit from it.
He also has a list of A++ companies
that provide long-term care polices.