Long-term Care insurance

Maybe this is a good time to remind everyone that long-term care truly is 'a family affair'. In our country, 90% of care is undertaken by family in one's own home and 1 in 5 caregivers still provide care to their loved ones even when in a care facility. As well, 80% of Alzheimer's-dementia persons are cared for at home, usually by a spouse. "It upsets me!" "It upsets my family!" These are the two major barriers recently identified for not having a conversation about our future long-term care! Shockingly, the majority of couples have not talked with their spouses yet about the three key aspects pertaining to their future care: - - Their options when they need some care and related costs - - What they expect of their family members - - How their future care is to be paid for Many people ask me about long-term care insurance (LTCI) as a method of financing some of the costs of our potential future care. I'm not a planner, insurance agent or broker, nor do I work …