Marshall and Sterling

Who should consider Long Term Care insurance?

You are taking an important step towards securing the financial future for you and your family. Your greatest financial risk today and in the foreseeable future is not your hospital or doctor bills, but the very high cost of long term care.

If you are over 50 years old and have assets to protect, but aren't wealthy enough to comfortably pay for long term care out of your savings, you should be comparing long term care insurance policies now. It's especially important if there's a history of serious illness in your family.

It's also very important to apply while you're still healthy. If you do not have a long term care policy when your health situation requires you to have one, no insurance company will issue you one. It will be too late.

These policies are usually guaranteed renewable, meaning once you qualify, you'll remain eligible as long as you pay your premiums. Another good reason to plan ahead? The premium is based on your age at the time you purchase the insurance - and it's usually locked in for the life of your policy.