Long term care insurance, LTC, asset preservation, preserving your wealth, estate planning, wealth building, elder care, generation planning are all covered in Guarding Your Gold. While building, you probably bought what you wanted, not necessarily what you needed. At least an interim solution to asset loss through extended nursing home stays, an LTC policy which outlasts the thirty-six month transfer test is the only alternative I know of which offers peace of mind to both the parents and their future generations. Seems to me that the message is clear. Most Americans are dedicated to the welfare of their families.
Procrastination is the greatest excuse in the world.
But people need to remember that delay often turns into denial, due to either old age or poor health. Remember, you can't plan a future in the future, you've got to plan it now. Imagine the middle aged worker and spouse who have two sets of parents and four sets of grandparents on Social Security and Medicare. Realistically that doesn't happen, but a lot of upper end combinations already really do exist.