Home insurance is an ongoing cost tied to homeownership. Most Americans can't avoid it — mortgage lenders require coverage before closing a loan — and this type of coverage is typically imperative ...

Dear Savvy Senior: My husband and I have been thinking about getting a long-term care insurance policy, but we hate the idea of paying expensive monthly premiums for a policy we may never use. Is long ...

As you age, your need for assistance, whether it be at home or in a nursing home or assisted living facility, increases. Given the prevalence of long-term care services being required, it's no ...

The duration and level of long-term care a person may need varies widely and often changes over time, according to the Administration for Community Living (ACL). On average, someone turning 65 in 2020 ...

Insurance provides financial protection by covering risks like accidents, health issues, or property loss, helping ...

Stand-alone long-term care insurance policies have been waning in popularity, owing to a combination of skyrocketing premiums and difficult claims experiences by consumers. In their place, so-called ...

Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues ...

The price hikes began in 2007, modest at first, then exploding in size. By last summer, the long-term care insurance plan Steve Krasinski paid $750 a year for in 1994 had ballooned to $6,400. And that ...

Adriana Falcón Trafford took out a long-term care insurance policy in 2001. When she signed up for the plan, the annual premium was $2,608. Now, it’s close to $7,000. Credit: Shahrzad Rasekh / CT ...

Demand and costs for care are rising at the same time that a labor shortage threatens to worsen. How can you plan for this need now? By Mark Miller Samir Shah is a forecaster — but he’s an expert on ...