A Self Defense Policy For Women

Long-term care insurance isn't cheap, but the coverage guards against a huge financial burden

Mara Jones, director of residential and treatment services at Carolina Children's Home in Columbia, S.C., considers herself lucky. Her 77-year-old father, Charles Horton, took out long-term care insurance six months before he suffered several strokes in 1996. The insurance pays for the nine hours of care he receives daily in their home--assistance Jones doesn't have to provide. "My father took out the policy because he didn't want to be a burden to his children," says Jones. "I would have had to quit my job to care for him." She and her husband say they're now considering a similar policy for themselves.

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