Millions of middle-aged Americans worry about parents in their 50s and 60s who lack long term care insurance (LTCi).
Should they buy policies for their unprotected parents, and if so, how should they go about it?
A financial professional should help the client determine if LTCi is a better LTC financing tool than the alternatives.
The professional should ask the client questions such as:
Some siblings might be in a position to help with the premiums, and some may not.