Clients weighing the purchase of long-term-care insurance often have misconceptions that Medicare, Medicaid or family members will provide for all of their eventual care, writes Lloyd Lofton. Advisers must provide factual information concerning the limits of those options and how to pay for long-term care if it becomes necessary, Lofton writes. An annuity is one solution that can provide enough income to pay for long-term care or in-home care, he writes.

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