I Was Quoted $2,000 Per Year for Long-Term Care Insurance. Is That Too Much?

Long-term care insurance is an important way to mitigate risk in retirement. Unexpected health issues and the related costs can take over a retiree’s financial life if they don’t have a plan to pay for costs of care. The cost of such a policy will depend on a handful of factors – including your age and coverage level – so whether you should accept a $2,000 annual premium depends entirely on your personal profile.

If you are buying early, this price might be a little high. In your…