When to Use Alternatives to Long Term Care Insurance Coverage

According to a survey conducted by Genworth, around 15% of people who don't have long-term care insurance or don't plan to purchase one have an back-up plan. Those 70% of Americans who are 65 and above and will require long term care at some point of their lives have myriad of options to choose from.

Here are some alternatives you can choose from:

1. Annuities with long term care riders
2. Hybrid life insurance plans with long term care riders
3. Single premium whole life insurance policies

Click the link to read the full article on "When to Opt for Alternatives to Traditional Long Term Care Insurance."