May 15th, 2012

By Howard Gleckman

Should young people self-insure against the risk of needing long-term care later in life, or should they buy insurance?

In a Feb 13 Wall Street Journal commentary (behind a pay wall), ManishaThakor, chief executive of Santa Fe, N.M.- based MoneyZen Wealth Management LLC, argued they should self-insure.  “By taking the money you would have put in long-term-care premiums and investing them in a low cost 60/40 balanced index fund, you can create your own pool of funds to draw on down the road if need be–and avoid the dreaded “claim denied” scenario,” she wrote.

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