Guarding Against A Nursing Home Nightmare

No one (except insurance agents) likes to think about the possibility that, without insurance, a long illness could eat up hard-earned assets. But as any purveyor of long-term-care coverage will tell you, it happens. As the tens of millions of baby boomers age, and as life expectancy rises, insurers are busy rolling out new and, they say, improved long-term-care policies. While such oft-criticized products are getting somewhat better, the policies still merit a long look before you grab your checkbook.

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