<prompt> Human: A decade ago, my dad now 75 years old made a serious of poor financial decisions that resulted in him losing my parents house and retirement savings during the height of the financial crisis. At the same time, he unexpectedly divorced my mom and immediately got re-married. That marriage lasted about eight months, and in the process he lost the new condo he had just put a down payment on with his modest inheritance from his parents. He has been living paycheck to paycheck as far as I know ever since. He has alienated himself from my mom and siblings-- I am the last member of the family that still speaks to him, and it typically entails a few texts per month with pictures of his grandkids. My dads new partner not married just told me that hes showing signs of pre-dementia that I noticed last time I saw him, and that his arthritis has become so severe that hes becoming increasingly immobile and having difficulty working. My wife and I are concerned that my dads care is going to fall on us as he continues to deteriorate: I dont know his new partner well enough to know if shed step up, and dont want to assume that she will. My wife wonders if should purchase senior life insurance to cover end of life expenses-- I dont know whether these are a waste of resources. Any advice on how to proceedplan would be appreciated. We dont feel financially beholden to my dad, but I dont want to completely abandon him either and want to know what care options are out there. My wife and I are familiar with the estateprobate process, but in those previous instances the deaths were pretty sudden. Thanks in advance.  <response>: An insurance product for someone who is 75 and showing signs of dementia is not a solution to this problem, nor would it be affordable.You need to figure out what you want to do here and mostly what you can afford to do. Sounds like hes going to end up in a state facility due to poor planningno assets. That doesnt mean youve abandoned him unless you then cut contact and I dont see how this should be your financial burden to shoulder. 