Should I consider long-term care insurance during the estate planning process?
You should consider long-term care insurance during the estate planning process, as well as a review of all your insurances, your life insurance. Insurance helps round out an estate plan. It can benefit a family who might be trying to do Medicaid planning. The long-term care provides for a daily benefit for nursing home costs, which saves the family’s estate potentially tens of thousands of dollars. That should be done in consultation with an insurance professional.
