Long Term Care Insurance - A Gift of Love

If you knew there was a 1% chance that something could wipe out your life savings and put your family through months, possibly years of stress and hardship, would you take action to prevent it from happening? If you're like most husbands/fathers or wives/mothers, you would do everything possible to avoid a major stress or hardship to affect your family. This is the main reason people seek long term care insurance.

Unfortunately, the chances a couple will need long term care are better than 50%. Who is most affected by someone in the family needing long term care: the patient or the patient's family? Obviously, it's difficult on everyone in the family, but after care is administered and the patient passes on, who is left to deal with the bills and debt associated with the medically necessary care? Have you thought about some of the personal tasks that a patient may need help with if he/she is disabled? How comfortable would you be asking a family member to perform personal duties, that you would never dream of asking someone else to perform while you are healthy?

In the following post, I have included a link to The LIFE Foundation's video titled "Long Term Care Insurance 101." The video explains the logical reasons people seek protection against the risk of long term care, but at the end of the day, people seek this protection for their family and their assets. That's why long term care planning is truly considered a gift of love.