One of the biggest threats to retirement income is the cost of long-term care.  The median cost of a private room in a nursing home is $84,000 a year.  Home care can cost close to $20 an hour.  If you or your spouse become disabled or chronically ill your savings could be wiped out.  The government program, Medicaid, only begins to pay once your assets are nearly de-pleted, and you may not get the quality of Care you’d like.  Long Term Care insurance should be a serious consideration in your financial planning.  

Long Term Care products can be a stand alone long term care policy, long term care as rider on a life insurance policy and, for the uninsurable, a limited rider on an annuity product.