The average life expectancy in the U.S. has almost doubled in the last century. Living longer is certainly good news; however, the longer you live, the greater your odds of needing long-term care. Someone entering their retirement years today stands over a 50 percent chance of eventually needing long-term care (LTC) and those odds only increase the longer you live. Given the importance of the care you receive and the cost of that care, planning for the possibility that you will need nursing home care should be part of your overall estate plan.
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