The Best Age to Buy Long-Term-Care Insurance

Long Term Care Insurance

Dear Emily,

Consumer Reports is, and always has been, the absolute worst source for information on this subject. Everything you wrote was essentially wrong. As an example, if you buy in your 40's you absolutely do not pay more, you pay thousands less even though you pay more years.

Also, the question is not whether or not you have enough to pay for your own care, but rather "do you want to". If you do, you would be far better off self insuring your house, auto, etc. Big losses in those areas are much less likely than paying out of pocket for long term care, which has a 50% chance of happening to you.

I have been in the long term care insurance business for almost 19 years and have consulted with and contributed to many publications, like Kiplingers, over the years. I think it would be well worth your time to talk with more reputable sources than Consumer Reports and repeat the drivel they put out.

Thanks for reading this.

Sincerely,

Mike Ashley

Long Term Care Financial Partners

Mike Ashley of KS @ Sep 02, 2008 14:35:52 PM