Can I Buy Long Term Care Insurance For My Parents?

  1. 1313 POINTS
    Lenny Robbins
    Principal, LifeNet Insurance Solutions, Redmond, WA
    If by the question you mean can I pay for the coverage, of course. You may own the policy(s) and pay for them as you would for life insurance. The big variable is whether or not they are insurable. It can also be an expensive proposition. Before you decide make sure you look at the alternatives that can also provide coverage.
    Answered on January 18, 2015
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Yes, you can buy long term care insurance for your parents. A good place to start is to get their health history, medications they are taking, and current height and weight, and then visit a long term care broker such as myself, to get quotes from multiple companies. You will also want to set a flexible budget ahead of time. There are many choices, and this will help you stick with the features that are important to you and your parents.
    Answered on January 20, 2015
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