Question

Seth has moved frequently during his life and now lives in key west, florida. He works as a bartender and owns a small home. He has spent most of the money he has made and continues to do so. Seth’s brother, colin, is very different. He finished graduate school and has saved as much as he can over the years. He owns a small business that he operates with his family. He is by no means rich but is certainly upper middle-class. Who needs long-term care insurance?.

Answer 1

Seth is certainly the one who needs a long term care insurance.

A long term care insurance is a policy that covers the nursing bills for older citizens who are 65 years and above. It is an advance payment that covers about six or more years.

Such a policy is of more importance to Seth who has spent most of the money that he has made and keeps spending. He may not have enough money to cover his nursing bills in old age but Colin would depend on his long term savings.

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