The Seattle Times ran a story on whether to use long term care insurance as a financial planning tool or not.  The main point the Seattle Times article made was that long term care insurance is ideal for people who have assets to protect (100K+) but are not extremely wealthy at the same time.  The people in the middle seem to face the greatest long term care risk so they should at least look into a long term care plan.  I agree that if a person does not have many assets that long term care insurance is not a wise decision, however I feel that even people with significant nest-eggs should still buy long term care insurance simply because it is a smart business decision.  Along the same lines, the wealthy still have home owners insurance even though they don’t have to; they realize that it is smart to spend pennies to protect dollars and one can view long term care insurance as a similar “must have” insurance.

The article went on to mention that magazines such as Kiplinger’s Personal Finance have ran an increasing amount of articles on long term care insurance in recent years because they like most financial professionals realize that times have changed and families really no longer take care of one another anymore, they hire someone else to do so such as a home health care aide.  The family’s role now has turned into a care manager rather than an actual provider.  With that job outsourcing comes a devastating high cost of long term care that if left ignored can wipe-out a life time of hard work and prudent savings.

If you have liquid assets of 100K or more long term care insurance could be a good fit for your financial picture.  At LTCtree.com our specialty is helping clients sift through the array of options and companies and filter out the top 5-6 companies.  Then you can look at those top 5-6 side-by-side carriers and judge for yourself if long term care is a good fit.  For your long term care insurance quotes please simply fill in this form and we will mail you your quotes today.