By Terri Getman, JD, CLU, ChFC, RICP, AEP (Distinguished)
Situation: Public policy makers face a problem – how to pay for the cost of long-term care for people who are no longer able to take care of themselves. With the chances of needing long-term care services exceeding fifty percent for individuals turning 65 today, the rapid growth of the aging population, and the number of younger family members who can help financially or with unpaid care declining, policy
makers are being tasked with developing a system to help people pay for the costs of long-term care.
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