Things to Consider Before Purchasing Long Term Care Insurance

Americans are living longer and the large baby boom cohort is beginning to prepare for the likelihood that they will need substantial assistance in their last years of life. Many financial planners believe that long term care insurance should be part of a standard retirement package. It has become increasingly evident that individuals cannot plan on the government covering all costs of end-of-life long term care. Under these circumstances, one would expect a robust demand for private long term care insurance. Instead, this is a challenging time for the industry and its customers. This book discusses these challenges.