The reasons are many.
Policies can be difficult to understand and often vary widely in benefits, features and price.
There's no consensus as to when you should consider buying a policy - as soon as you hit 50 or earlier, some argue, while others say not until you're at least 65, particularly if you are healthy. Many people believe, mistakenly, that Medicare or their regular health insurance will cover the costs of long-term care. Because of this concern, a number of relatively new policies combine long-term care with life insurance. I will discuss the basic features of these new products so you can understand them better. I'm not recommending for or against them, only making you aware of them so you can be a better consumer.