"Typically, long-term care insurance is for middle-income people," Casto says.Poor people generally can't afford the premiums, and the very wealthy may prefer to pay for their care out of pocket. If assets, other than a home, are less than $30,000 for single people and $80,000 for married people, they probably can't afford long-term care insurance, according to the LIFE organization.
8 Long-term Care Insurance Myths
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