Can You Afford $72,000 a Year for Long-Term Care?

That's what one of my own family members pays, and it's not unusual. Everyone needs a solid long-term care plan. Here are four ways to layer yourself with protection.

(Image credit: Pablo_K)

I’ve seen what Alzheimer’s disease and dementia can do to a family.

Six members of my wife’s family have had Alzheimer’s. My sister-in-law started her journey with the disease when she was just 55; she is now 65. My mother-in-law had it for 16 years. One of the things I’ve learned is that it is an extremely slow goodbye.

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Mark Pruitt, Investment Adviser Representative
President and CEO, Strategic Estate Planning Services, Inc.

Mark Pruitt is the president and CEO of Strategic Estate Planning Services, Inc. Based out of Dallas, Texas, he serves on the National Summit Advisory Board and is a speaker for the National Association of Insurance and Financial Advisors (NAIFA). Mark was selected as National Advisor of the Year by Senior Market Advisor in 2012. He is an Investment Adviser Representative and insurance professional.