Editing Long-Term Care Insurance (section)

== Pros and Cons ==

=== Pros ===
* Protects retirement savings
* Provides care choice (home, assisted living, etc.)
* Reduces family burden
* May offer tax advantages (premiums can be deductible)
* Available with inflation protection riders

=== Cons ===
* Can be expensive if purchased later in life
* Medical underwriting may apply
* Premiums can increase (for traditional LTC)
* May not be needed if you already qualify for Medicaid