Long-Term Care Insurance: Less Bang, More Bucks
Mary Julia Klimenko thought she was prudent 20 years ago when she invested in a long-term care insurance policy, one she believed would help pay for the care she’d need as she aged. Now she wishes she’d banked the money instead. Her monthly premiums have nearly quadrupled over the past two years, and Klimenko, 69, is furious about the choices she’s been given: pay the higher cost, lower her …