The article “3 Little Known Long Term Care Insurance Alternatives” is about an elderly woman who was under a long-term care facility for over five years. She transferred her financial accounts to a firm called Alliance Wealth Management. Mary’s goals were simple, to leave money for her family. Mary’s mom had Alzheimer’s disease and the cost of the facility just went up and up. Because of this, the sum of the account had depleted to cover those costs.
This is just a story to show the importance of saving and preparing for the costs of living a long life. Also, 9 million Americans over the age of 65 needed assistance in 2012. That number is sure to grow to 12 million in 2020. This article shows you ways to financially prepare for your life and not just with life-insurance.
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3 Little Known Long Term Care Insurance Alternatives