According to a Long-Term Care Web Directory company, caregivers
use credit cards to pay for long term care. Around 16% of caregivers said they
charge it when paying for Dementia care while 5% use personal loans to pay for
it. Only 3% said that they have expedited their life insurance policy to pay
for their long term care expenses. These numbers only show that there are still
a lot of people who have not prepared for the looming high cost of long term
care.
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