> Life insurance is one of the insurances to consider;
Cost is only one factor. The bigger thing is taking the need to make a bunch of decisions (and fight over a bunch of decisions) away.
> while in the USA it is normal to have your (grand)parents live with you if they're old age
This is really not that common here. Retirement homes and nursing homes are huge industries in the US.
Having elderly parents live with you in the US is probably more common among low income people, because nursing and retirement homes are both quite expensive.
Regardless of income, having elderly parents live with you definitely is the more humane thing to do. Say what you want, but nearly all nursing and retirement homes are horrible places to live -- even the 'top notch' ones.
My grandfather is getting older, has plenty of money, and we've visited a decent amount of retirement homes. It's seriously depressing to even consider he might have to live there.
Cost is only one factor. The bigger thing is taking the need to make a bunch of decisions (and fight over a bunch of decisions) away.
> while in the USA it is normal to have your (grand)parents live with you if they're old age
This is really not that common here. Retirement homes and nursing homes are huge industries in the US.
Having elderly parents live with you in the US is probably more common among low income people, because nursing and retirement homes are both quite expensive.