Should You Self Insure Against Long-Term Care Risk Or Buy Insurance?

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), Manisha Thakor, 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 [...]