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[quote=Anonymous][quote=Anonymous]Disability and life insurance (if you can get it on them, you probably can't) and LTC insurance definitely  I have an enormous life and LTC policy on my husband -- I've seen first hand what a lingering death can do to a family's finances.  Fortunately, I bought the policies when my husband and I were much younger and in great shape.  I don't think either of us would qualify now.  The policies are expensive but worth it to protect me and still at home children should something happen to DH.

Check to see if you can purchase any group policies through AARP or the other more conservative sr. citizens group.  I have been told their policies are reasonably-priced.

If they own a home and have equity in it and both are over 62, then a reverse mortgage will help.  Be prepared for them to have to declare bankruptcy.  Also be prepared to take them to an elder care lawyer (they exist) should one be hospitalized for a long period of time.  Medicare drops out after 90 days.   A friend of my parents consulted an elder care lawyer and the lawyer counseled the woman to divorce her husband if he passed the 90th day in a nursing home.   He had stroked out and was unconscious in a nursing home.  She had the paperwork ready to go because she would have lost her home and what little savings she had left if she had to start paying for her husband's care in full but her husband "fortunately with God's blessings" (her words, not mine) died before Medicare ran out.  Awful situation.  But she had prepared for her security and is still doing very well on her own - now in her 80s.  i was shocked when she told me she was filing papers to divorce her husband but she was very matter-of-fact about it.  She was going to lose everything she had left for her own security if she didn't.

This was under California law, BTW.[/quote]

What? That is crazy[/quote]

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