As Andy Rooney noted, “It’s paradoxical that the idea of living a long life appeals to everyone, but the idea of getting old doesn’t appeal to anyone.”

As medical science improves, people with chronic conditions and disabilities are living longer. You might be hoping that the script for your later years will read “healthy-healthy-healthy-dead.” But the statistics tell a different story. More than 80% of us will require some form of care in our later years, according to a new study from the Center for Retirement Research.

Fortunately, there is a new breed of life insurance policies that offer long-term care solutions. They can help you pay for almost any type of care, whether informal care delivered at home by friends or loved ones, or more specialized full-time support. We’re living longer than past generations, but that doesn’t mean we’ll be skiing the slopes of Telluride in our 90s. [Read more…] “How to Protect Your Family from Life’s Biggest Hidden Expense”