When Should I Consider Long Term Care Insurance? 
This is a bit more complicated than just considering when you should purchase LTC . Sure , the younger you are the less expensive it will be . Many companies are getting out of the business due to reserve requirements along with claim history . The question I tell people to consider is how to get the protection you need while getting the most value from the premium you are looking at spending . Example : Did you know that you could have Critical & Chronic Illness protection within your term life insurance or permanent policy ? Consider , you get the death benefit of course when you die but what happens leading up to this ... you are surviving a medical event that could financially devistate your family . Where will you get the funds to support the family , medical expenses , etc. ? How about from your Life Insurance policy . Instead of just getting one benefit , you can have access to 3 ... . Now that is what I call value . Please note that you accelerating the death benefit so when you die , the death benefit may be reduced . With some planning you can make sure you have the strategies to protect your family and their financial future . Long-Term care insurance is something that everyone is going to need sometime in their future . And there are several ways to get the protection you need . Be sure to look at all the options before signing up for any policy . 