Paying for long-term care costs for oneself a spouse or a parent is costly. 

Ever since the early 1980’s I’ve been providing advice to clients & advisors about the various options available to them. Back then it was, “Should I or Shouldn’t I purchase coverage to protect against having to pay the costs associated with a long-term care illness?” Today the question is more focused on which of the two existing strategies provides the most cost-effective way of my planning to pay for such coverage. 

My latest contribution to Accounting Today describes those options so you can decide which works best for you.