Companies selling long-term care insurance have expanded their policies to include simple nursing home coverage to covering care in assisted living facilities and in an individual’s own home. These same insurance companies are busy marketing their product to baby boomers. However, according to a number of surveys, boomers are not listening.

The risk of boomers needing some kind of long-term care is as high as it was for the previous generation. Experts point to statistics showing that two-thirds of seniors will need it at some point in their lives. Fortunately, most will need the coverage provided by long-term care for only short periods. Just one-fourth of individuals over 65 will end up needing long-term care for one or more years.

Ideally you should not be taking out a mortgage if you are already stuck in a debt consolidation situation. In case of home mortgage however, you are often not left with an option. However if planned well, a mortgage will not become a nuisance for you.

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