What To Know Before Buying Long Term Care Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Before buying long term care insurance, it is a good idea to look at the area in which you anticipate you will be living when you reach the age where long term care may be needed, and see what their average rates for assisted living and nursing home care run. Talk to your family and get their ideas on arrangements if that type of care was needed. Review your budget and determine how much you have to spend on long term care, and tell that to your agent when you start. An agent can save you a lot of time and frustration from looking at all kinds of bells and whistles that you cannot afford, when they know your budget from the start. These are some things that will help your long term care search start off on a good foot.
    Answered on September 11, 2013
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