Are you afraid of wiping out your savings?

by Lauren

There are very few financial decisions that I disagree with my husband about, but we don’t agree on whether we need long-term care insurance. I read this article and reminded him about my concerns about certain illnesses that can wipe out even large amounts of savings. I’ve seen this with some of my friends with parents or grandparents that lived for many years after a stroke, or even my grandmother that survived 9 years after she exhausted her savings at the age of 90.

Do you have concerns about this situation?