health
3 insurance types seniors should explore this June
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TL;DR
- Seniors should evaluate insurance options due to current economic conditions like inflation and high interest rates.
- Life insurance can cover end-of-life expenses or serve as an inheritance, with term or whole life policies being viable options.
- Long-term care insurance can help pay for in-home care or assisted living facilities, protecting retirement funds.
- Medicare supplemental insurance (Medigap) covers costs not included by Medicare, such as co-pays and deductibles.
- Revisiting existing policies and comparing new ones for affordability and coverage is recommended.