Hey everyone. So glad I found this site. (Actually my brilliant daughter hooked me up.) I have a question about long-term care insurance included in life insurance policies.
I know life insurance is a bad investment. However, I am 66, have no retirement (real estate-related bankruptcy in 2009), am divorced, have one grown (brilliant, as I mentioned ;-) ) child. I love my job, for which I earn good money, and so have no plans or desire to retire.
I am loathe to become a burden to my daughter if my health fails. I come from a family with amazing health and longevity, so I don't expect this to be a problem for a long time, but one never knows...
I'm hearing about life insurance policies that include long-term care. I'd LOVE to have a long-term care policy for all the obvious reasons, but they are exorbitant. From what I understand, getting life insurance with a LTC benefit makes LTC affordable. Otherwise I would probably never consider life insurance, especially since my uber-independent daughter assures me and her dad she has no need for us to leave her anything when we die.
Thoughts? Suggestions? Warnings? Anything would be much appreciated. Thanks!!!