It’s no shock to anyone that the cost of healthcare is always going up . The other thing that’s always going up is our age. We are all living longer. According to some the cost of medical care in the U.S. has risen 40% since 1996 and is showing no sign of slowing down.  One of the largest medical costs today is long-term care. These costs come from caring for someone who needs help.  They might need an in-home companion or around-the-clock care and it can be devastating financially. In fact, the average cost of a one year stay at a nursing home, is almost $70,000 and this is exactly why many couples should consider long term care coverage.  (If you’ve read the guide then you know that when 2 people share the risk the risk actually goes up!)

As with every product, long-term care insurance has its pros and cons but a large number of Americans haven’t even considered this product as part of their overall retirement strategy.

One of the biggest complaints against some long-term care policies is their expensive price tag. While most policies can potentially save their holders a great deal in medical costs, they can still be expensive.  (Of course, once you read the guide you’ll know how to get all the best discounts and deals.)  A great invention would be to start adding a “shared care” element to policies so if a spouse did run out of long-term care benefits they could use their spouse’s benefits.

Another criticism comes from people who buylong-term care policies and never use them. Ths is a risk you take when purchasing any insurance, - I mean who wants their house to burn down?.  Right now companies are  working to increase the benefits of having the insurance.  Long term care insurance is also becoming more flexible with  investment options such as annuities.

Long-term care insurance isn’t for everyone and when you read the guide you understand if it’s a good fit for you and your family.  Iit may be a great addition to your retirement plan and it may not.  One of the keys to really understanding LTCi is to read consumer based information and realize the company brochures for what they are - attempts to get your attention with nice pictures.

As an ex-agent and former long term care insurance specialist I encourage you to read the guide and watch the videos.