Why You Need Long-Term Care Insurance

The long-term care crisis is upon us -- don't say you weren't warned.

The government is already having trouble paying the cost of long-term care for the indigent elderly.

Recently, the Wall Street Journal wrote a front-page article slamming states for joining in a partnership to encourage the purchase of long-term care insurance to offset the rising strain on their budgets. It cited concerns about rising policy premiums and the difficulty of collecting benefits from some insurers.

Well, those are issues that can be addressed with regulation. ...