Long-Term Care Insurance Becomes Increasingly Popular

People expecting to live longer and foot more of the bill for their retirement needs are turning to long-term care insurance as part of financial planning.

"We certainly can't count on the government to pick up the tab," said Kathy Lee, director of special risks for the Carson Wealth Management Group in Omaha.

A private room in a nursing home can cost about $190 a day, or $70,000 a year in Nebraska, Lee said. And no one knows how many years one stay might last, she said.

Long-Term Care Insurance Becomes Increasingly Popular
Source: Insurance News Net