Why People Buy Long Term Care Insurance
Here are the six most common concerns about long term care and the reasons people buy long term care insurance:
- Burden– Do not want to be a financial or emotional burden on others.
- Access to quality care– Being able to select a quality facility in a location of my own choosing.
- Aversion to welfare(Medicaid) – Not wanting to be dependent on the government for care.
- Asset protection– Preserve assets for healthy spouse, inheritance for children or donation to charity.
- Control and independence– I want to maintain personal control in the choices I make.
- Peace of mind– Knowing I am protected instead of worrying about what could happen.
If any of these reasons are a concern for you or resonates how you feel, you may need to further explore your long-term care options. Click on the Speak With An Agent button to request a free appointment.
