Long Term Care

Today I applied for a long-term care policy for Dena and me. This is coverage that pays benefits of up to $180 per day tax-free (indexed to inflation) if we meet certain extreme conditions like an inability to feed oneself. Considering that even 3 months of that type of expense is more than $16,000, I'm satisfied that to cover us both costs about $1,700 per year (which of course can increase annually). It can't be cancelled as long as we keep paying premiums. And some day if one of us becomes so infirmed, the other won't have to struggle physically at our advanced age to manipulate, change, clean, etc. the other. That brings real peace of mind that if illness should overcome us, we won't have the additional mental burden of guilt that comes with exhausting the other through full-time care.