13. What
are the advantages of a personal long term care insurance plan?
ICA Study of LTC Policy quotes, 1998
Among the advantages of a
personal long-term care insurance plan are:
- The ability to maintain your independence if your depending on the degree of your long-term care needs
- Placing the financial risk of needing someone to care for you onto the insurance company
-
Freedom
from becoming a burden to your
children
-
Choice of care: Freedom to choose home health care or a nursing facility
-
Freedom
to protect your retirement savings
and assets
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