The need for long term care insurance coverage is becoming more evident as people grow older. They live much longer and become more weaker, which results into requiring help in carrying some of their activities of daily living like nursing homes, assisted living facilities, home care, hospice care, CCRCs and adult day care. These long-term care services cost a lot and it would be hard to pay for this without the help of long-term care insurance.
It really pays to plan for long-term care early. As a matter of fact, there are three reasons why people should plan early with long term care and they are the following:
1. Your premiums will be much lower than those who started late.
2. You are making a step to protect your assets.
3. You wouldn't rely on your family or anyone else for your long-term care needs.
