What is your life expectancy? What is your health history and health outlook? Do you have a spouse or family member who can care for you if needed?

No one can predict how long they will live or exactly what condition their body and mind will be in as they age. And the cost of long-term care can be staggering. Therefore, many people invest in long-term care insurance.

People pay premiums to have a long-term care insurance policy that will cover their care in a facility that is not an acute-care hospital. That includes nursing homes, residential care facilities, assisted…