Archive for October, 2010

Long Term Care Insurance – Don’t Hurt Yourself, Get These Facts

There are lots of misconception about long term care and the insurance policy that provides coverage for it. These misconceptions come with grave consequences and because of this we’ll go through some misconceptions that are often touted as truths…

1. Health insurance and Medicare will take care of your long term care needs Yes, depending on your situation and your policy terms, you’ll get coverage for some time — Typically for the first few weeks and nothing more.

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Long Term Care Insurance – Don’t Be Too Sure

Everyone tries to do everything within their power to shield themselves and their family from hard times. This is the motivation for buying most insurance policies in the first place. But you’ll be surprised to see the same people refuse to even consider the benefits of getting a long term care insurance policy.

Statistics show that of all Americans aged 65 and above, 40% have a 50% chance of needing long term care before they pass on. If you’ve seen a family that had to provide long term care for their loved ones themselves, you’ll agree that it can be really stressful and financially devastating.

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