By: David Pipes

David Pipes — Sat, 31 May 2014 17:00:09 +0000

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By: Ted Ratliff

Ted Ratliff — Sun, 26 May 2013 11:39:53 +0000

The average person has a 1 in 4 chance of needing some type of long term care in his lifetime, either at a facility or at home. The cost of a Nursing Home on average is $7000/ per month, Assisted living$4000 per month, Home Health Care $20/hr. Someone will have to pay that bill. If you have assets then you will pay until your savings and assets are used up and then you may qualify for Medicaid. You tell me- is it worth it to protect you family from the burden of taking care of you when you can no longer care for yourself? Do you want to lose everything you worked hard for all your life? I have been a caregiver and as much as you love the person you are caring for, it takes a major toll on on the caregiver. Long Term Care insurance protects your family from these heartaches. Is it worth it?

New answer on: Is Long Term Care Insurance Really Worth It?

By: David Pipes

By: Ted Ratliff