This video from Americans Money Class with Suze Orman talks about long-term care insurance. She uses her own personal story to drive home how important it is to have long-term care insurance. Finding the best long-term care insurance can help you to save thousands of dollars every month should you ever be in a situation where you need constant long-term care.
Ms. Orman talks about the cost of keeping two nurses around the clock for her own mother and how that cost could have been avoided had her mother gotten this type of insurance when Ms.
Orman suggested it. This type of insurance is designed to help people get the care they need when they need it. However, Ms. Orman does also mention that the cost is about $2000 to $3000 a month in premiums which is still a good deal considering Ms. Orman pays about $30,000 per month for her 96-year-old mother’s long-term care.
Proper planning for your future is important to avoid becoming a financial drain on your family. Watch this video to learn more about long-term care insurance and prepare for your future.
