Here are the Top 10 reasons to purchase Long Term Care Insurance.
1. Tax-free insurance can protect large amounts of assets and income for perpetuity by not needing them for care.
2. Self-funding for care by selling assets can create additional taxes and loss of income.
3. People with insurance stay healthier, and at home much longer.
4. Insurance takes a lot of emotional, and physical burden off the spouse, children, and grandchildren.
5. You may not be the only family member that needs care.
6. When will you know you will NEVER need care?
7. Insurance frees up large sums of assets for better and more enjoyable use now, ( Additional Vacations Maybe?)
8. With tax-free insurance you can choose a nicer facility if it becomes needed. (Private Room Maybe)
9. Some people think paying for insurance for a few years and protecting a lifetime of work is a good idea.
10. Peace of Mind for you and your family. Your children and grandchildren can remain your children and grandchildren, and not become your caregivers.