It’s an important question, whether you are single, married with children, divorced, young or old. Considering that 39% of the people needing long term care are between the ages of 18 and 64, there is no wrong time to begin looking into insurance for long term care.
As explained in more detail HERE, we have have categorized the selection of long term care into two parts:
- Coverage For Yourself
- Coverage For Parents
“Coverage For Yourself” means you are researching long term care insurance for yourself, for yourself and spouse/partner, or yourself with children. Each of these scenarios requires different approaches to long term care, as your needs are going to be different if you’re alone versus having to care for a spouse and children.
Coverage for parents: It’s difficult to predict at what point in time your parents are going to need additional care. Do we really want to take the risk and wait until the last minute to figure this out? The option to get long term care insurance can lessen some of the burden of care that frequently falls to children.
Whether you are just now beginning to research a long term care insurance program or are in need of it soon, contacting a LTCI expert doesn’t cost anything and will at least provide some direction.
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