A Golden Years Opportunity

Long-term-care policies may be the next big thing for insurers

Who's going to foot the bill if you wind up in a nursing home in your last years? As Americans live longer, the chances are rising that they will need some form of long-term care late in life. That can mean a crushing financial burden on today's seniors as well as their baby boomer children. Long-term-care (LTC) insurance offers one answer. But relatively few people buy such policies on their own. And only a handful of companies offer coverage as part of their employee benefit packages.

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