INFOGRAPHIC: 6 Reasons You Should Buy Long Term Care Insurance


According to the American Association for Long-term Care Insurance, the following are the top motivators that prompted current long-term care insurance policyholders to purchase their policies:

    • 52.1% – planning for retirement or entering retirement
    • 34.7% – influenced by an experience with a loved one who needed long-term care services
    • 23.6% – protecting their assets
    • 18.1% – security or peace of mind knowing future needs would be met
    • 17.4% – avoiding being a financial burden to family

(above data based on telephone survey of long-term care insurance policyholders by the MGR Group)

As shared in this great infographic from below, 75% of people over the age of 65 will require some type of life insurance, as people are living longer. The annual costs of care in nursing homes and at-home care provided by a skilled worker are rising every year at the rate of 5 to 8 %. Without long-term care insurance, 72% of Americans, unfortunately, find themselves impoverished after just one year in a nursing home, as Medicare does not cover all of the expenses that most people think it does.

Here Are 6 Reasons You Should Buy Long-term Care Insurance Today:

  1. To preserve your savings and assets;
  2. To help maintain your financial independence and possibly eliminate the need to borrow money for long-term care costs;
  3. To relieve family and friends of caretaking responsibilities so you do not feel like you are a burden to them;
  4. To allow you the freedom to choose where you would like to receive care (in a nursing home or at home);
  5. To ensure you are able to get a full range of the long-term care services that you may need from home health aides to adult day care to home delivered meals and much more; and
  6. To get the best price options for your policy; the longer you wait to get a long-term care policy, the more expensive it is.








Achieve your immediate and future financial goals for you and your children.


Protect the most important assets in your organization.


Preserve your retirement assets and leave a legacy.