Options include life insurance with a long-term care rider, short-term care insurance, fixed annuities with long-term healthcare benefits, and reverse mortgages.
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Insurance for long-term healthcare has become expensive over the years and many insurers have stopped offering the product, but advisors can use a variety of other tools to help their clients protect against rising healthcare costs. So reports Forbes.
Options include life insurance with a long-term care rider, short-term care insurance, fixed annuities with long-term healthcare benefits, and reverse mortgages.