by Sheep Farmer
My insurance agent recently asked me if I had long-term care insurance. When I told her that I did not, she told me that I should seriously consider purchasing it I am not quite 50, so LTC insurance is not something that I had given any thought to. I went home and started researching LTC. I looked up prices, statistics as to what percentage of the population needs long-term care, the length of time spend in long-term care, etc. I considered the longevity of my own family and that of DH. After much thought and research, I decided that we would be better off putting the same amount that the monthly premiums for LTC would be into an index fund. If we need LTC, we will be to self fund it, and if we don’t need it, then DD will stand to inherit quite a bit of money. What are your opinions on LTC? Have your or members of your family purchased it?