Long-Term Care Insurance-Some Coverage is Better Than No Coverage

Long-Term care insurance is a product that many people don't understand or think they need. The statistics show that most people over 65 will indeed need some type of long-term care. It is the responsibility of the trained Long-Term Care Specialists to educate the public on what is long-term care and how long-term care insurance can be affordable.

Less than 10 percent of our population has made the decision to purchase Long-Term Care insurance. Why? What are the other 90 percent thinking? It is believed that one of the main objections is cost. Many consumers perceive this product to be too expensive. The word "perceive" is used because long term care insurance is not as expensive as people generally think.

Many studies have shown that, when asked, the average consumer guesses at a premium dramatically higher than the actual cost of an LTCI policy. Part of this comes from not being educated on the subject, but the other part comes from agents across the country, who insist on showing proposals for only the "Cadillac" of policies.

Some type of long-term care coverage is better than no coverage. It is true in the perfect world that a top notch, high priced plan would be great when long-term care is needed. But, an affordable plan with a $70 day benefit is greatly appreciated when the time comes to hire a caregiver for a couple of hours a day.

Find Affordable Long-Term Care insurance by getting educated and free multiple quotes.