Reblogged: Top 4 Reasons why Long Term Care Insurance Policy is the Best Gift for Parents

Are you one of those people who are worried about your parents’ financial security in the future? If yes, then purchasing long-term care insurance for them is one of the best things you can give them. Now is the time to give back and return the favor of taking care of you when you were still young. In my opinion, this policy type is the best gift you can give to your parents. 

There are actually four reasons why this is the best gift you can give them and they are as follows.

1. Erases their fear of long-term care – According to a survey, about 55% of Americans are afraid of becoming a burden to their family members once the time comes that they will need care. Long-term care insurance will prevent this from happening by covering any form of long-term care that they might need.


2. Gives you protection – Ltci is not just beneficial to your parents but to you as well because this can lift the burden of caregiving duties which are known as stressful and will take a toll on one’s health later on.


3. Protects you from legal liability – There are some states that have filial law, which obliges adult children to pay for their parents’ long-term care expenses. Ltci can protect you from this responsibility since your parents have coverage 


4. Provides peace of mind – Long-term care insurance also gives peace of mind to family members. It gives assurance that long-term care needs will not affect the quality of your family will not be affected.

Original Source:http://www.ltcoptions.com/4-reasons-consider-buying-ltci-parents/