Top 10 Reasons To Want Long Term Care Insurance

Unless you're living below poverty level, the government won't pay a dime for long term care. What about Medicare? After a 3 day hospital stay, under recuperative circumstances, Medicare will pay some of your care costs for a limited amount of time, but only for short term, skilled nursing care.
In 2006, the national average cost for nursing homes was $195.00 per day. Assisted living costs average $188 per day. Can you afford to pay this price?
A Harvard University study showed that over 50% of all people entering a care situation are penniless within one year.
At age 65, women have a 50% chance of spending time in a nursing home. Men have a 33% chance. Woman generally outive men, and therefore can care for their husbands, if they are able. Many are not able ~ the stress of caregiving can be debilitating.
Few people would enjoy being on welfare if they knew what it meant. Medicaid is welfare. Trust me, you don't want to go on the dole, unless absolutely necessary. It's humiliating and Medicaid recipients are known to get lesser quality care.
Sure kids want to help, but would you honestly ask your children to work less hours or forfeit their jobs in order to care for you? You have done your best to give them a better lifestyle. Will you risk their lives now?
The longer you wait, the higher the premium costs.
Just as you can't buy fire insurance for a burning house, you can't buy long term care insurance once you've been diagnosed as a possible long term care risk. Get it while you can!
Long term care costs are expensive. Only those who can afford it get top-quality care.
Unless you are very wealthy or have good insurance, you will be dependent upon your family's care (if they can provide it) or at the mercy of governmental agencies. If you value your family, your estate, your independence and your freedom of choice, then be smart and prepare now.