There's no question that long-term-care insurance is valuable?after all, according to the Centers for Medicare and Medicaid Services, 70% of people over the age of 65 will need some degree of care. Without insurance, the unexpected costs of in-home assistance or nursing home residency can take a huge bit out of your retirement savings. However, while prudent, purchasing a long-term-care insurance policy doesn't always mean you're financially set in case of illness. The long-term-care insurance industry is facing an increasing number of changes?and that means, so are policyholders.
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