But for people who fall between those two extremes, the decision whether to buy long-term-care insurance is a tricky one, especially since the policies are complicated and the business is in a state of flux, with carriers raising prices and exiting the business. “The industry is changing so rapidly,” says Howard Gleckman, a resident fellow at the Urban Institute, “it’s hard to keep up.”
Here are six mistakes consumers commonly make when purchasing long-term-care insurance, and advice on how to avoid these pitfalls.
via Mistakes to Avoid When Shopping for Long-Term-Care Insurance – WSJ.com.