Bob Vandy, President of Advisors Insurance Brokers joins Chris to talk about long-term care insurance and some of the newer generation products that combine traditional long-term care insurance with life insurance or annuity benefits. Care for a chronic condition that is not improving needs to be covered under long-term care insurance vs. Medicare. Long-term care can be provided at home, as well as in assisted living or a nursing home. Long-term care may be a way to save against spending down all of one's assets or restricting access to savings through an irrevocable trust. Four areas to consider when enrolling in long-term care insurance are: benefit amount, benefit period, elimination period, and inflation.