---
title: Almost 1/2 of caregivers use up all their savings to care for a loved one
description: Why buying Long-term care insurance is a great thing to do. Read why Long Term Care can help you save money when caring for loved ones.
image: http://ltcipartners.typepad.com/.a/6a0111689a03b2970c019b047317b7970d-800wi
---

## The Advisor's View of Long-Term Care Planning

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- [The Advisor's View of Long-Term Care Planning](https://www.ltcipartners.com/blog)
- [Planning Tips and Carrier News for Advisors](https://www.ltcipartners.com/carriernews)
- [Consumer Planning Blog](https://www.ltcipartners.com/planning-for-long-term-care-in-america)
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[Jun 3, 2026

### 6 Tax-Smart Strategies to Fund a Long-Term Care Insurance Policy

](https://www.ltcipartners.com/blog/6-tax-smart-strategies-to-fund-a-long-term-care-insurance-policy)

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Jan 8, 2014 • [LTCI Partners](https://www.ltcipartners.com/blog/author/ltci-partners)

## Almost 1/2 of caregivers use up all their savings to care for a loved one

- [Advice articles about planning](https://www.ltcipartners.com/blog/topic/advice-articles-about-planning)

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A new PBS newshour story focusing on caregivers discusses the economic impact of being a caregiver.  One of the more startling statisitics is how often adult children dip into their own pocket in order to help a parent or in-law.

That's why buying LTC insurance is such a great thing to do.  Sure, it can help product your assets and allow someone to stay at home.  But it also is a godsend for the caregiver who will do anything include empty their wallet to provide good care.  Check out the complete article.

 

[![Used own money](http://ltcipartners.typepad.com/.a/6a0111689a03b2970c019b047317b7970d-800wi "Used own money")](http://ltcipartners.typepad.com/.a/6a0111689a03b2970c019b047317b7970d-pi)

Check out the full story below

[http://www.pbs.org/newshour/rundown/2014/01/what-working-a-part-time-job-for-five-years----for-free----looks-like.html](http://www.pbs.org/newshour/rundown/2014/01/what-working-a-part-time-job-for-five-years----for-free----looks-like.html)

## Written by [LTCI Partners](https://www.ltcipartners.com/blog/author/ltci-partners)

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