Women may have a better understanding than men about the resources and options available to those facing a long-term care event, but they're significantly less likely to take action to protect themselves from the risks.
A Northwestern Mutual study found that though the majority of women (73 percent) are aware of at least one of the long-term care options available to them, 30 percent of them say they're not sure how they plan to address their potential long-term care needs. And 57 percent of women say they're likely to need help meeting financial expenses.
Plus, only 37 percent of women say they're saving for their future needs, and are significantly less likely to own long-term care insurance than their male counterparts (9 percent vs. 15 percent).
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