How to Afford Long-Term Care.

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  • Author(s): LANKFORD, KIMBERLY
  • Source:
    Kiplinger Personal Finance. Mar2019, Vol. 73 Issue 3, p32-36. 5p. 1 Color Photograph, 1 Chart.
  • Additional Information
    • Subject Terms:
      MEDICAL care costs; SAVINGS; RYAN, John; LIFE insurance; DEFERRED credit; ANNUITIES
    • Abstract:
      The article offers suggestions to manage cost of long-term care. It recommends looking at one's own risks, the types of care one want, costs in your area, and your savings and income when figuring out how to incorporate care costs into your financial plan. John Ryan, an insurance specialist in Greenwood Village, Colorado, talks about various policies such as hybrid life insurance/long-term care, life insurance with chronic care rider, and deferred-income annuities.