Divorce money saving tip

Here's a tip that most people don't know about. More and more people are now buying long term care insurance. The lower earning spouse in a divorce may be especially concerned about how to pay the bills if they have to go to assisted living or a nursing home later in their life.

Michelle and Kyle were getting divorced. Michelle was very worried about growing old by herself and what would happen to her if she became ill. She found out that if she and Kyle applied for long term care insurance before they divorced, they would get a "couple's" discount of up to 30-40%. And after the divorce was final, the premium would not go up - the discount still applied so they both saved money.

But what if Michelle wanted the long term care insurance and Kyle didn't? Michelle could still get a couple's discount but it would be lower - perhaps only 15-20%.

Every little bit helps and over years of paying premiums, this discount can really make a difference!