Who Needs to Purchase

Who needs to purchase Long Term Care Insurance?

Purchasing Long Term Care Insurance is a wise option to protect against the financial, emotional, and physical consequences of likely long term care needs.

Long Term Care Insurance is right for individuals who:

• Are reasonably healthy.
• Have health conditions that have been stabilized or resolved, such as cancer, heart disease, joint displacement, osteopenia, etc.
• Want access to a private pool of money that is available to pay for private-pay care in any setting maintaining independence and dignity.
• Do not want to burden their children with the costs/demands of long term care.
• Have a spouse who is older or deceased.
• Have an uninsurable spouse.
• Have financial assets beyond a Social Security benefit.
• Itemize medical expenses qualifying for federal deductions.
• Are a business owner and benefit from federal deductions.
• Single, widowed, or divorced women.
• Are in a second marriage or blended family.
• Have a family history of Alzheimer’s or Parkinson’s.

If you meet any of the above criteria, Long Term Care Insurance may be an appropriate consideration.