Why Should You Buy Long Term Care Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    People usually buy long term care insurance so that they can have the money to make choices for their own care; so that they can save their resources for spouse or heirs; and/or so their relatives do not worry about what will happen to Mom, Dad, Grandma, or Grandpa if they can no longer can care for themselves.
    Answered on October 9, 2013
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  2. 2180 POINTS
    Kelly Moser
    Social Media Strategist, Disability Insurance Services, California
    Statistics show that 70 percent of people who reach age 65 will have a need for long term care.  By having long term care insurance, you can ensure that your family won't have to pull from their savings to help pay for you care should you need become unable to perform one of the activities of daily living (brushing your teeth, bathing, feeding yourself, etc.) and need to receive care (nursing home, in-home care, hospice, etc.).
    Answered on October 10, 2013
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