Long Term Care Insurance is smart if your family has a history of longevity or has a history of crippling disease.
Long Term Care Insurance is smart if you have an estate that you would like to protect from being spent on extended care needs.
Long Term Care Insurance is smart if you want to make choices about your long term care: where to live, which agency to hire, the ability to pay a relative to care for you in your home, etc.
Like most insurance, it's smart if you need it - and perhaps not so smart if you don't need it. Unfortunately, we don't have a crystal ball. So the question becomes... would you rather pay a monthly premium or risk everything you own as well as possibly receiving lousy care? Without long term care, you drag your family & friends into the equasion since somebody has to take care of you. We are a society that is living longer. I personally believe that long term care is perhaps the most needed, yet least purchased insurance. You're on the right track by inquiring.
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Long Term Care Insurance is smart if you have an estate that you would like to protect from being spent on extended care needs.
Long Term Care Insurance is smart if you want to make choices about your long term care: where to live, which agency to hire, the ability to pay a relative to care for you in your home, etc.