Looking for objective advice and information on long term care insurance from someone who has no incentives to sell it? That's me. I've written and compiled the articles below to help you. Read through them one at a time and you'll have the information you need to make the long term care insurance decision.
When you cannot take care of your own daily activities, like dressing, bathing, etc. for a prolonged period of time, you are then in need of long term care, which are services that assist with such activities. Decisions must be made about when you need care, and who pays for it.
Is long term care insurance a wise purchase? You'll need to evaluate the pros and cons of long term care insurance to come up with your own answer. Here are five questions to ask to help you determine the pros and cons of long term care insurance.
Retirees today are in the first generation where long term care is even an issue and many people have a misconception that long term care insurance is nursing home insurance, and that to use your benefits you must go to a facility. This is not true. Today, long term care insurance is not so much about going to a home, instead it’s about staying in your home, and maintaining your independence. This article has additional details on the two things about long term care insurance that may surprise you - in a good way.
The best long term care insurance for you will not be the same as the best long term care insurance for your neighbor, just as the best car insurance for you is not the same as your neighbor's. To find the best long term care insurance for your needs, use the five rules in this article.
To determine the level of long term care coverage you may need, figure out how much income you have coming in on a daily basis, and how much of it would be available to meet long term care costs. This article provides a step by step example.