Long-Term care planning and insurance is something that many individuals think about and know that it is something that they must do as part of good financial planning. The scenario goes like this. Usually, the individual or couple begins doing some research on what is long-term care and what does long-term care insurance do to benefit them.
Long-term care insurance protects your assets so you don't have to watch your life savings whittled away by the cost of your care. Long-Term Care insurance protects your family from the burdens of caregiving. Long-term care insurance has evolved over the past few years to be more affordable than ever. You can also navigate to http://www.lavineltcins.com/ to hire extended care agent online.
Long Term Care Insurance: When to Buy
The time to buy LTC coverage is different from one person to the next, but there are some guidelines to help you make your decision. If you are over the age of 60, it is time to seriously consider this type of insurance. The age of 55 may be considered the perfect time to buy due to money savings and the ability to qualify for policies with no limitations.
The earlier you buy, the more money you will save and the more years of protection you will receive. It is possible, depending upon the policy, when you buy, your risk factors and the company you purchase it from, that you can pay less over the life of a policy by buying early.