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Consider a long term care policy.

Have you considered long term care insurance? As we get older, our needs change. Eventually, we may need to be cared for by either long-term care specialists or even stay in a nursing home.

You have several ways to pay for your long term care needs. You can pay with your own money, have family members help pay, use medicare (if approved), or rely on long term care insurance. The coverage you get from medicare/medicaid is much different than what you can get from private pay long term care insurance.

Unless you have substantial financial resources, you should consider long term care insurance.