Long-term care insurance can be expensive, but it could be worth buying if you want your money to go further in retirement. This kind of insurance offers more options for when you get to the point that you need daily assistance in your home or a facility that health insurance doesn’t cover.
It’s recommended that you select your policy sometime between age fifty and sixty to get the best rates while you’re in good health. You’ll need to pay for care up front to be reimbursed by your policy, but having that policy could give you peace of mind as you enter your later phases of life.