Why Should Someone Buy Long Term Care Insurance? 
The cost of care keeps rising . If you need a nursing home it would not be uncommon to see the cost of care to be $ 7,000 - $ 8000 per month and it is expected to keep increasing . The question becomes if you do n't get a Long Term Care policy what assets are you prepared to liquidate to pay for the care . At $ 7,000 a month for 3 years that comes out to a cost of $ 252,000 based on today 's cost . What will the cost be when you need it in 10 , 20 or 30 years ? We can assume it will be much more . The yearly premium will be only a fraction of the cost if you did n't have a policy . A good Long Term Care policy will include assisted living , home healthcare and nursing home care . The chance of you needing one or all of those at some point in your life is pretty high . 