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A quick and short answer would be yes, however, the need for long term care insurance are also influenced by several factors depending on your age, your current living situation, health and financial status. If you are living alone, financially stable, and do not have family members to care for you then long term care insurance will really be worth it. If you have history of chronic illness in your family, you might as well consider getting long term care insurance as well. But if you are already ill and above 60 years old, then the chances of getting it will be very low as it would cost too much and you might be declined. Long term care insurance is worth it when you have planned for it while you are still young and healthy, in addition, don't buy it if you have no plans of keeping it.
What else can I help you with?
What insurance plan offers long term care?
John Hancock offers long term care plans. Mutual of Omaha and AARP are two other companies that are available. Complete Longterm Care is a website that has further information.
Are longterm care health insurance policies assets that can be seized in a bankruptcy?
No...they have no liquadation value. Actually, it's not an asset...but rather an expense or liability (for the amount of the contract payment).
Difference between pooling of risk in shortterm and longterm insurance?
terms period
Best available swift car insurance, worthwhile.?
Insurance is always worthwhile. What is "best" is up to the individual user, and the cost is determined by a number of different factors, but insurance is an absolute must for any driver!
Is aarp a good health insurance?
AARP is most known for being a health insurance to people over 50. While it is not the cheapest insurance on the market, it is worthwhile if you tend to have health problems.
Is international travel insurance a worth while investment?
International travel insurance is a worthwhile investment if you have any reason to think that you may become sick or injured while you are abroad. It is generally more worthwhile if you will be doing anything dangerous or traveling in a 3rd world country.
Best available asda car insurance, worthwhile.?
ASDA car insurance isnt a type of car insurance, rather it is a brand like Geico and Statefarm. They have their own website at www.asdafinance.com. Try there
Should I get a small car insurance company set in Virginia?
Find an independent insurance broker and get a quote. Then compare the price and see if the saving is worthwhile. Nice thing about an insurance broker is that they will do the price shopping for you.
Can your Health care insurance force your wife to purchase health care insurance through her company?
No.
Who should purchase apartment renters insurance?
Every renter with valuable property in thier apartment should get renter's insurance for protection. Weigh the cost of insurance with the cost of replacing your property to decide if it is worthwhile in your situation.
What is the difference between managed care health insurance and traditional insurance plans?
Managed care health insurance will only cover when you need intensive care or a nursing home. It's mostly used as a suplamental insurance.
How can you find long term insurance care cost?
There are many ways to find long term insurance care. Long term insurance care can be found on websites such as Nationwide, LongTermCare, and CompareLongTermCare.
