Slash Couple Expenses with Secret Long-term Care Insurance
The Financial Advantages
Investing in long-term care insurance can be a strategic move to protect your savings. The average annual cost of a private room in a nursing home is approximately $108,4051. By securing a policy, you can mitigate these expenses and avoid depleting your retirement savings. Many couples find that the cost of a joint policy is significantly less than purchasing individual policies, enhancing affordability and financial security2.