Who Should Have Long Term Care Insurance?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaYou should have long term care insurance before you enter retirement, generally before age 60. If your family has a predisposition for a specific disease of a health history for needing nursing home care, you should consider securing it as soon as possible. We're living longer and the need for assisted living at home is more than likely a reasonable future for most.Answered on September 13, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Those who should have long term care are those with considerable assets to protect or those who want to make their own choices about their long term care. Having long term care insurance pays for the cost of daily care, so that you do not have to liquidate savings and investments to pay for it. Most policies now pay the benefit to you so that you can spend it to hire a relative to care for you in home, hire a caregiver so that you can stay in your independent living residence, or all sorts of options.Answered on September 13, 2013flag this answer
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