Why Buy Long Term Care Insurance? 
Statistically , nearly everyone will at some point need some type of care in their lifetime . As we get older our health declines . We are unable to do things for ourselves . The cost can be tremendous . Nursing Home average cost is between $ 6000 and $ 7000 . Cost for Assisted Living runs around $ 4000 . Home Health Care runs between $ 15 and $ 20 per hour . Medicare is very limited on what they will pay and does not pay for custodial care . The options , the family can try to care for the loved one . While many families try to take care of their loved one at home , the burden can be great , especially if the family has children in addition to caring for a loved one . Very often the situation is so bad it becomes nearly impossible without help . You can private pay for help either at home or a care facility , but it does n't take a mathematician to figure out that any assets would be rapidly depleted leading to the final option , go on Medicaid . Long Term Care provides funds to pay for care without having to lose everything you have worked hard to provide and the legacy you wanted to leave behind for your children and grandchildren . It relieves the burden and embarassment of having our personal needs taken care of by family members . Anyone who has ever been a caregiver knows how hard it can be . Why buy Long Term Care Insurance ? Because you love your family ! 