Is Long Term Care Insurance for Me?

Top reasons people give for purchasing Long Term Care insurance:(1)

• I want to help preserve my financial independence.
• I don't want to use up my savings or income to pay for nursing home or home health services.
• I want to be able to pay for my own care services.
• I want to leave my estate to family/friends.
• I want to ensure an adequate income remains for my spouse should I need costly services.
• I don't want to burden my family or friends for assisting me.
• I want the freedom to choose the Long Term Care services I prefer.
• I don't believe the government will cover the care I may need in the future.
• I don't want to depend on Medicaid.

1 "The Consumers' Guide to Long Term Care Insurance " Stephen F. Rowley, January, 2004.

Are any of the above reasons important to you?