In the News

Title

When Aging Parents Need Financial Help

Document Type

Article

Publication Date

7-29-2014

Abstract

As life expectancies increase along with nursing home costs, many retirees face the terrifying prospect of outliving their money. The American Association for Long-Term Care Insurance estimates that only about 8 million of 313 million Americans have long-term care insurance policies. And even those who have a policy may find that its benefits fall short due to inflation or policy limitations.