[ted]

Some choose to extend credit others choose estate planning.

25 years ago we purchased a 10 year - long term health care insurance policy.
Hopefully we'll never need it , but that's like a million dollars in long term care.
It provides peace of mind that if one of us needs long term health care we can afford it without selling any of our assets.

My MIL had Alzheimer's and was in a skilled nursing home for 10 years.
Fortunately 10 years before her illness I had mentioned our long term care insurance to her and unknown to us she had purchased long term care coverage.
That sure was nice! It saved us $100,000 a year for 10 years.
Insurance companies found long term care policies were not profitable and now it's difficult to find long term insurance today.