One of the greatest potential risks faced by the elderly is the need for long-term care. Long-term care insurance transfers a portion of the risk of long-term care expenses away from you to protect you and your family from potentially devastating expenses.

Disabilities can happen to anyone at any time. In fact, you are much more likely to be disabled than to die. However, disability insurance is overlooked by a lot of people.

Disabilities may happen at work, in which case you may be covered by worker's compensation insurance. However, this may not provide coverage for all of your needs, and does not cover you outside of work.

You might be covered by a group long-term disability policy, but this too may not provide total coverage for every obligation that you have. If you were unable to work, who would pay for your:

• Medical bills
• Mortgage payments
• Car payments
• Education expenses
• Everyday living expenses
• Groceries
• Childcare