Jim Better
The consequences of not covering the cost of long-term care can be devastating both financially and emotionally. Almost everybody has some exposure to it. The crises happens when a family member or loved one becomes challenged with the normal activities of daily living. In my own family my mom fought cancer for four years and burned through several hundred thousand of dollars (my inheritance!).
For the past 20 years it has been my duty to encourage friends and acquaintances to live their life without the fear of falling into the financial black hole that comes in the vintage years. Peace of mind comes at a premium and that’s having up-to-date legal documents in place and a solid plan to pay for long term care.