Inflation protection is powerful! Costs of care rise each year, so it's important to have inflation protection on your policy, particularly if you are younger. Kelly discusses the impact that inflation protection has in a long term care insurance policy.... ( read more )
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Long term care insurance is a type of insurance that covers the costs of long-term care services for individuals with disabilities, chronic illnesses or those in need of assistance with activities of daily living. However, like all types of insurance, it comes with its own set of concerns and risks. One of the greatest risks associated with long-term care insurance is inflation. Inflation may not seem like a big deal initially, but when it comes to long-term care insurance, it can severely impact an individual's ...
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