So much of the information found online that pertains to long-term care insurance planning is old, outdated and frankly quite irrelevant. That is especially true if you are what I refer to as an older woman on her own. That’s someone who is in her late 50s or older, is currently single, divorced or widowed. Perhaps worst of all, little of the information offers valuable insights into ways to reduce the cost of this important form of future protection.
Women on their own have a special need to consider long-term care planning. Note that I have not said long-term care insurance here – just emphasized the planning aspect. Here’s why.
First, it’s a commonly known fact that women are far more likely to live long lives. The latest life expectancy for women is 84 (2018 statistic). But this actually is a bit misleading. A woman turning 65 today can expect … Read More