We’ll be the first to tell you that long term care insurance is not right for everyone. However, a plan to address the risk of long term care is something we do encourage all our readers and clients to develop; which may or may not include buying a policy.
To determine the best way to pay for long term care if you need it, you should consider several key issues including:
- Health and age.
- Some intangibles unique to your situation.
Once you’ve considered the above, you will be in a better position to answer the question so many of our clients ask, “do I need long term care insurance?”