Some life insurance policies only pay a death benefit if the policy owner dies during a certain period—the “term” of a term life insurance policy. Others pay out a death benefit no matter when the policy owner dies—these policies are considered “permanent” policies and are intended to remain in-force for the entirety of the policy owner’s life.

Health care costs are rising, and even the healthiest among us is likely to need some sort of enhanced health care during our later years.  Have you considered the impact that long-term care costs could have on the later years of your retirement? And how would long-term care for one spouse impact the healthier spouse? As you consider these questions, take a look at the following recent statistics: