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Protect Your Loved Ones with Long Term Care Insurance

Posted On Sat, January 7, 2012

Using long term care insurance at home is preferable to living in an assisted living facility according to 91 percent of Americans in a survey. Of Americans requiring long term care, 80 percent are receiving that care in the home of a relative. It isn’t surprising, therefore, that the first step in long term care starts with the help of family. The next step might be to hire a private caregiver to assist with long term care. Many people can’t afford this luxury, however. Long term care insurance can help prevent your loved one from having to leave the comfort of home and enter an assisted living facility. Benefits of long term care insurance are that it helps support independence and give people choices. By providing the ability to pay for home and assisted living costs, it also protects loved ones from the burden of caregiving. In the long run, having long term care insurance is less expensive than paying for long term care out-of-pocket.

Financial planners are now advising clients to buy long term care insurance as early as age 40. Long term care insurance premiums go up in price as you age, and buying early will not only ensure a lower premium, but will also protect you and your loved ones should they get sick or injured at an early age. Having long term care insurance can help protect your loved ones' independence at any age.

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