Different people and cultures believe different things for the answer to this question. The meaning of life as we perceive it is derived from philosophical and religious contemplation of, and scientific inquiries about existence, social ties, consciousness, and happiness.
A long-term financial plan should include these elements. Time Horizon. A plan should look at least  five to ten years into the future. Scope. A plan should consider all appropriated funds, but especially those funds that are used to account for the issues of top concern to elected officials and the community. Frequency.
When planning ahead for the financial burden of long term care you need to decide how you will handle the not-insignificant risk of a very lengthy stay rather than planning for the 'average' length of stay of one year.hen planning ahead for the financial burden of long term care you need to decide how you will handle the not-insignificant risk of a very lengthy stay rather than planning for the 'average' length of stay of one year.