Is Long Term Care Insurance Still Worth The Price?

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May 23, 2013

David Racich

Still? The price of long term care is based on age, gender and health. Married couples can receive a discount by bundling their coverage together. The earlier in life you purchase long term care the lower the premium. Keep in mind that current retirement modeling suggests that a senior married couple will pay $250,000 in medical care during their lifetime. Is that worth it?
May 23, 2013

Ted Ratliff

When you consider the cost of Long Term Care facilities and the likelihood of needing long term care it is very much worth the price. Estates have been devastated by Nursing Home and Assisted living costs. Long Term Care insurance can make a difference of being able to stay home, going to an assisted living or being forced into a nursing home. If you have a legacy you want to leave for your family, long term care insurance should be looked at.

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