01.05.22 Explainer: Long-Term Care Insurance / Advancements in Medicine.
The Clark Howard Podcast
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Long Term Care Insurance
Long term care insurance pays when you can't do a number of activities, whit referrd to his activities a daily living. Insurers all lost their shirts because they underpriced it. Americans have lived longer and less healthy than the actuary ables said they would. Almost all the insurers that sold this stuff quit the business. Now it's a very, very small number of companies that sell it.
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