Long-Term Care Insurance Gaining Momentum In Pandemic
October 28, 2020 by Richmond Times-Dispatch (VA)
Kiplinger’s Personal Finance
The pandemic’s effect on seniors has brought renewed attention to long-term care insurance – and aging at home.
When policies first became widely available in the late 1970s, it was primarily used to help pay the costs of nursing homes. That has changed.
Almost any policy sold now will have a pool of benefits that help pay for home care, a nursing home, assisted care, a memory unit or something similar, said Barbara Franklin, founder of Franklin & Associates, long-term care insurance brokers.
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