Gupta, Aparna; Li, Lepeng - In: Insurance: Mathematics and Economics 41 (2007) 3, pp. 362-381
Risk related to long-term care (LTC) is high for the elderly. Planning for LTC is now regarded as the [`]third leg' of retirement planning. In this paper, planning for LTC is integrated with saving and investment decisions for an integrated approach to retirement planning. Optimal LTC insurance...
