Who Should Not Buy Long Term Care Insurance?

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    David RacichPRO
    Fountain Hills, Arizona
    One of the planning aspects of retirement is saving enough money for your golden years. Self insuring is always the best way to go, but for most, the most impractical. Life just happens. But if you are very wealthy or have a family history of limited life expectancy or you're satisfied with government run facilities...you my not value long term care.
    Answered on July 21, 2013
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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    Who should not buy long term care? Technically, everybody should but really comes down to having assets to protect and money to afford a premium that will rise over time. A person of limited assets and limited income is going to struggle to maintain a long term care policy so it may turn out to be something you're throwing money at that won't be there later in life because it will price itself out of the question to a limited income.
    Answered on December 15, 2014
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