Last week, we tackled one of retirement's biggest questions, should you buy long-term care insurance or self-fund?

And for those who determine insurance makes sense, the follow-up advice from experts seems pretty straightforward.

Buy a traditional policy in your mid-50s, pay premiums for a few decades, and you'll be protected when you need it.

Despite that conventional wisdom,

traditional long-term care policies have essentially disappeared from the market. In 2002, over 750,000 Americans bought traditional policies.

Today, it's around 60,000, a 92% collapse.

Meanwhile, hybrid long-term care policies have exploded to over 500,000 sales per year.

So what's going on here? Are more people buying hybrid policies because they're genuinely better?

Or is there something else at play? The truth is, the answer depends entirely on your situation.

And unfortunately, many people are being sold

policies that don't actually fit their needs. So in this episode, I'm breaking down everything

you need to know before buying long-term care coverage, when to buy traditional versus hybrid

policies, the real cost versus the advertised costs, and three critical implementation details

that can make or break your coverage

when you actually need it.

Welcome to another episode of the Stay Wealthy Retirement Show.

I'm your host Taylor Schulte,

and every week I tackle the most important financial topics

to help you stay wealthy in retirement.

And now on to the episode.

As I mentioned last week, just because you determine that you can self-fund for long-term care

doesn't automatically mean that you should skip buying insurance. And there are two primary

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