What is the biggest drawback of long-term care insurance?

What is the biggest drawback of long-term care insurance?

Long-term care insurance is expensive: The most obvious drawback of purchasing a long-term care insurance policy is the cost because they are expensive and not everyone can afford them. If your loved one has a limited income or under $200,000 in assets, it’s not advisable to purchase long-term care insurance. Aug 10, 2021