Do you need Long Term Care? 

Long-term care (LTC) insurance is a product that has already caught the attention of senior citizens, and while most younger Americans don't really think about LTC, the ideal age to purchase coverage is actually when you’re in your early 50s and in good health. At that point, monthly premiums are lower, and you’re less likely to have a pre-existing condition that disqualifies you from coverage. However,  a society that values a youthful appearance seems unwilling to recognize these expensive facts of life.

The costs of long-term care are staggering today and should continue to  soar  when baby boomers retire. Even the GenXers won’t escape the impact. Your parents will either spend your inheritance on nursing home care, or you may find yourself taking care of your elderly parents out of your own retirement funds.

No Medicare supplement policy will cover custodial nursing care. And while it is true that state Medicaid programs cover nursing care for the indigent, this means almost all assets and income must be spent down before the state will pick up the tab.

Long-term care insurance can solve the problem in most cases. The latest generation of policies pay for "home care" at a senior daycare facility, as well as care in a skilled or custodial nursing facility. A portion of premiums may be tax-deductible, depending on your age and income. But not all policies are alike, the business is growing (There were just 4.1 million policy holders in 1998.) and coverages are constantly evolving, so study both the product and the pricing before making your purchase decision

I'd like to begin my Long Term Care insurance quote now.