Today we talk about what some consider to be a sore subject. That subject would be aging, and how we are cared for as time goes along. Specifically, long term care is the care that mostly the elderly receive near the end stages of life.
The key to determinging exactly what is long term care is that it generally may not be medically necessary. On the other hand, it is viewed as being necessary for the comfort and most importantly dignity of us as we age. We pretty much all know that long term care is expensive since someone may be dedicated only to your care. This is compounded when it comes to the cost of insurane. Because the chances of needing care are so high, therefore, the cost of long term care insurance (LTC) is higher than many expect.
To illustrate the point, I'll give you a few examples. A healthy couple in their early sixties will probably have to pay between $2,000 and $4,000 annually in long term care insurance costs. Compare that to the return you may recieve when investing and you can quickly see why many people shy away from ever looking into buying this unique insurance. We think it is a good idea to get quotes on long term care insurance in order to ensure that one day, when you need long term care, you can relax because you've planned ahead and are all set.
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