Do You Need Long-Term Care Insurance?

Whether or not should you buy a long-term care insurance policy many times will depend on your age, health status, overall retirement goals, income and assets. If your only source of income is a Social Security check, you probably shouldn't buy long-term care insurance.
- If you have a large amount of assets but don't want to use them to pay for long-term care, you may want to buy a long-term care insurance policy.
- Many people buy a policy because they want to stay independent of government aid or the help of family.