Dave Ramsey – Do I Really Need Long-Term Care Insurance? – Fox Business – 11/13/12
Dear Dave, I just turned 57 and have been researching long-term care policies. Is there a point where you can self-insure for long-term care needs without a policy? -Peter
“If you have $20 million liquid sitting around, then you could easily set aside $2 to $3 million for long-term care and still be in great shape. But I advise virtually everyone to have good, long-term care coverage in place by age 60.”
