When Maura Carley's mother wasoffered guaranteed-issue, group long-term care insurance, shesnapped it up. That proved to be a good decision, Carley says, whenthe policy paid for her mother's care during the last seven weeksof her life.
Most people dread the day when they may be old or disabledenough to need care from a paid health professional or aide.Long-term care insurance gives them the peace of mind that comesfrom knowing that an insurance company will pay for at least someof their care.
It protects assets—whatever the family doesn't have to pay canbe passed along to heirs—and can reduce family stress during anillness or at the end of someone's life.
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