The idea is that you budget your savings to last until age 85 and if you live past that age the insurance pays off. Your alternative is to budget your savings to last to say 100. The idea is good, the question is does it fit your needs and are you willing to pay the fees. There ae also versions that can be tieded into nursing home care. For me the expense was to high to fit my needs but you shoud consider the policies as part of your planning process.
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