Long term care insurance, also known as LTC insurance, is typically not what most Americans consider to be a needed type of insurance. Unfortunately though, this type of thinking has strained the finances of a lot of families who unexpectedly have to care for loved ones in their better years.
If your insurance agent suggests long term care insurance for your insurance portfolio, you should consider the coverage. Deciding to purchase long term care insurance, whether through an insurance agent or an online insurance quote, is a good decision if you don't want to take the chance of putting your loved ones finances in a strain because they would need to take care of you in your later years.
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Long term care insurance has earned a pretty bad rap in the past. Fortunately this is changing as the industry matures and more media covers it (like About.com!) More coverage leads to more honest LTCI agents. It is very important to contact a reputable LTC insurance specialists…don’t just go see a lawyer. Ask an agent LOTS of questions, do your research first. LTC insurance is misconstrued as being a very complicated type of insurance…this isn’t the case once you begin to read more about it and speak with family, friends, and agents. It is not for everyone, but it will work for many people.
There is a great free guide explaining whether long term care is, or is not for you, here – http://www.ltcconnects.com/resources/?page=consumer
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I agree. If your agent who knows your personal sitations recommends Long Term Care Insurance, and they know your balance sheet – then you probably need to seriously consider it. Long Term Care Insurance isn’t for everyone. To find out if you have a need. I can help.
Tom Mitchell
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http://www.discoverlongtermcareinsurance.com
800-252-ltci