Long-term care versus self-insurance. Anyone have an example?
There probably is one, but I didn't find it (yet). Regarding the general topic, it seems that most reasonably-priced policies have a fixed limit of x years and/or y dollars. If so, then isn't the decision whether you can handle that exposure? For instance, say one purchases a policy with a $250k maximum. Isn't the question whether you want to insure against that $250k? At least that is how I interpret the issue. However I have never seen it explained that way by an impartial party. Any insights would be appreciated!