When should long-term care insurance be considered in a wealth plan?

When should long-term care insurance be considered in a wealth plan?

• A. It is best to consider only after retirement.
• B. It is best to consider early to lock in premiums and assess risk, health, and potential care costs.
• C. It should be considered only if Medicaid is exhausted.
• D. It should never be considered.

Answer: (B)