Buying long-term care insurance before you retire can improve accessibility and lock in lower rates.
With retirement creeping up quickly, you want to make sure that you can afford the care you need. One thing you may have considered is long-term care insurance, but there may be one question outstanding: Should you enroll in a policy before retirement?In short, the answer is yes. There are several reasons you should enroll in long-term care insurance before you retire, but the primary reasons revolve around accessibility and affordability. Check out your long-term care insurance options now.
When determining eligibility for a long-term care insurance policy, the company considers the answers to questions like:What are the chances you will need long-term care?How long is the insurance company likely to collect premiums before you need long-term care?Are there any factors that might speed up your need for long-term care?In general, you're riskier to insure once you retire.
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