Many people these days are concerned about "what happens if I live longer than I have planned for?".
Will my nest egg and retirement income take care of my living expenses?
What happens if I cannot take care of my daily needs?
Long term care insurance is designed to take care of your long term needs.
Problem - Potential premium increases when you are on a fixed income will force you to do without or reduce your benefits when you need them the most.
Solution - Life Insurance
Most new life insurance policies whether permanent or term now provide living benefits. If you become terminally ill or have a critical chronic illness you will be able to access a large portion of your policy face amount to pay those expenses. If you need to access the policy, the remaining funds will become the adjusted death benefit.
Now there is a solution for long term care while maintaining your independence at a fixed monthly premium.
If you are interested in protecting yourself in the event you live longer than you have planned click here for more information.