Why Not To Get Long Term Care Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The biggest reason to not get long term care insurance is if you cannot afford it. If you are scraping by on Social Security income only, you probably cannot afford long term care insurance. However, if you have a lot of assets that you want to pass to your heirs, they could pay the premiums for a long term care policy for you. If you have few assets and low income, that is a good reason to not get long term care insurance.
    Answered on September 25, 2013
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