Does Life Insurance Cover Long-Term Care?

Does Life Insurance Cover Long-Term Care?

New York residents will now be able to use some of their life insurance policy to cover long-term care expenses, according to a press release.

“By passing this law, we no longer burden taxpayers with the long-term care expenses needed by the growing senior population and we’ve given thousands of seniors a creative and costsaving way to cover their care,” said state senator Jeff Klein.

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Everything You Need to Know About Long Term Care Insurance

Everything You Need to Know About Long Term Care Insurance

What Do I Need to Know About Long-Term Care Insurance? As the median age of the population in the U.S. climbs to an all–time high, it’s now the case that people over the age of 65 have outstripped the number of teenagers in the nation. And to further complicate the situation, people now in their 50s and 60s can expect to live longer than ever before. Life expectancy continues to rise, and as a result,…

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