If you're struggling with what gift to get your parent for his next birthday or an upcoming holiday, consider an unconventional present that could buy both of you peace of mind: a long-term care insurance policy (for which you'll pay an annual premium). A year in a nursing home can run upwards of $50,000, while long-term care insurance starts at around $1,500 a year, depending on your parent's age and health. Because your parent's health may make long-term care insurance premiums prohibitively expensive, be sure to check with your family's financial planner or insurance broker to see if this makes sense for your parent.
- Senior Living Directory
- In-Home Care
- Adult Daycare Centers
- Home Health Agencies
- Senior Home Remodeling
- Senior Move Managers
- Assisted Living
- Nursing Homes
- Alzheimer's Care
- Retirement Communities
- Continuing Care Communities
- Area Agency on Aging
- Geriatric Care Managers
- Elder Law Attorneys
- Government Health Insurance Counselors
- Hospice Care
- Funeral Homes
- Providers: Get Listed
- Search Senior Housing Options Near You...
- Caregiving at Home
- Area Agency On Aging
- Blog: Dad Has Dementia
- Geriatric Care Managers
- Home Care Help
- Home Health Agencies
- Medicare Information Finder
- State-by-State Driving Laws
- Blog: Tech-Savvy Daughter
- Caregiver Community
- Ask & Answer
- Aging in Place
- Find In-Home Care
- Home Care Safety
- Meals & Nutrition
- Adult Day Care
- Difficult Conversations
- Managing Difficult Behaviors
- Driving & Transportation
- End Of Life
- Managing Medications
- Paying for Care
- Preparing for Home Care
- Senior Home Remodeling
- See All In-Home Care
- Health A-Z
- Atrial Fibrillation
- Breast Cancer
- Chemotherapy
- Steps & Stages
- Medicare Information Finder
- Benefits Check Finder
- Fracture Risk Calculator
- Older Patients, Wiser Care
- Caregiver Community
- Ask & Answer
- Alzheimer's Disease
- Broken Hip
- Cancer
- Colorectal Cancer
- Lung Cancer
- Multiple Myeloma
- Ovarian Cancer
- Prostate Cancer
- Cholesterol
- Cold & Flu
- COPD
- Depression
- Diabetes
- End of Life
- Epilepsy
- Heart Attack
- Heart Concerns
- Hypertension
- Incontinence
- Managing Medications
- Multiple Sclerosis
- Osteoarthritis
- Pain Management
- Parkinson's Disease
- Rheumatoid Arthritis
- Schizophrenia
- Shingles
- Sleep Problems
- Smoking - Quitting
- Stroke
- See All Health Issues
- Money & Legal
- State-by-State Driving Laws
- Benefits Check Finder
- Ask & Answer
- Caregiver Community
- Medicare Information Finder
- Get Paid for Caregiving
- Advance Health Directive/Living Will
- Elderlaw Attorneys
- End of Life
- Estate Planning
- Family Legal & Financial Conflicts
- Financial Assistance for Seniors
- Government Health Insurance Counselors
- Guardianship
- Medicaid Info
- Medicare Info
- Paying for Care
- Power of Attorney
- Reverse Mortgages
- Caregiver Wellness
- Your Health
- Breast Cancer
- Fibromyalgia
- High Blood Pressure
- Overactive Bladder
- End of Life
- Food & Fitness
- Blog: Dear Family Advisor
- Blog: Self Caring
- Blog: Smile of the Week
- Lifestyle
- Your Finances
- Sex & Relationships
- Cholesterol
- Depression
- Osteoarthritis
- Osteoporosis
- Rheumatoid Arthritis
- Sleep Problems
- Caregiver Community
- Ask & Answer
- My Caring
This is a great idea, but there is the "what if" that the LTC insurance is never needed due to an unexpected death. I have been looking into the idea of how to to leave behind my premiums paid into the LTC insurance to my family. I have found a solution called, "Care Protector Plus", by Preservation Advantage. I'm having my financial planner look into it.