Check long-term care before retiring outside U.S.

Many countries, especially in South and Central America, actively lure U.S. retirees who want to enjoy their golden years amid sunshine and a lower cost of living. But if you have long-term-care insurance, read the fine print in your policy before you trade in your snow shovel for a sun hat.

The American Association for Long-Term-Care Insurance, an industry trade group, says most long-term-care insurance companies limit benefits if you live outside the United States. Even though you purchased a policy that covers four years of care, many companies note in their policies they will pay for only one year if you live offshore.

The trade group says the one-year limit on international care imposed by some companies could mean some retirees might be forced to relocate to the United States to continue receiving the long-term care they thought they paid for.