Long Term Care insurance . . . and Long Term Care insurance alternatives.
The only reason to buy Long Term Care insurance is to put a wall of protection between your assets and a nursing home, however long term care insurance is very expensive.
The younger you are when you apply for LTC insurance the lower the premium but, whatever the age, money only pays for the LTC insurance, your health buys it!
There are some Long-Term Care alternatives that many are finding more palatable because they do not have a premium payment. These alternatives are linked to other products, annuities (no health questions) and life insurance (simplified underwriting). Why these have become so popular? One must swallow hard to pay thousands of dollars every year for something you that may never be needed. With the right annuities and/or life insurance you can help provide for your long-term care needs without the high cost of traditional Long Term Care insurance.
Call if you would like to know how to protect your assets from a nursing home costs.