An earlier version of this article included the incorrect price in its description of a typical long-term care policy for a 50-year-old. The article has been updated
Many people hear “long-term care insurance” and think “nursing home.” The thought often ends there. Few want to end their life in a care facility, so why would they buy a product that enables them to do just that—a complicated, often expensive product to boot?
In reality, long-term care insurance is a more…