For retired clients looking to conserve their assets while still protecting themselves against the costs of a medical crisis, long-term care insurance isn’t always the best option. A significant swath of these clients may be better off self-insuring.

Though every situation is different, “Our basic rule of thumb has been that clients with more than $2.5 million in investable assets, including the value of a downsized home, may want to self-insure rather than buy long-term care insurance,” says Dennis Stearns, a Greensboro, N.C.-based financial planner, in the September issue of On Wall Street.

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