Why do people buy long term care insurance?

Long term care insurance is an inexpensive way to fund long term care. It will provide you with resources to help cover the cost of long term care.

According to The America’s Health Insurance Plans, 2007 National Survey, states people purchase long term care insurance for the following reasons:

  1. Minimize their financial exposure and take responsibility for protecting their assets
  2. Avoid being a burden on loved ones
  3. Enhance their choices and independence – to receive care in the setting they prefer