Scott Roberts, CPA, CLU
According to LongTermCare.gov, 68% of all people in the United States will require some type of long-term care (LTC) after the age of 65. Decades ago, older and informed people would not survive long in a state where they required significant aid for their daily living. But medical advances have made is so that such people can now live years in relative comfort, even if they need help to do so. On top of that, health insurance costs, especially in the final years of life, continue to spiral upward out of control.