Free Disability Claim Booklet
Receive Our Newsletter
Click Here
416.488.9000
Free Online Consultation
No Fees Unless We Win
Click Here
1.888.777.1109

Why Is Long-Term Care Insurance Necessary?

Why is long-term care insurance necessary?
Long Term Care Insurance - Question 5
The rising cost of long-term care, compared to the total premium costs, makes this type of insurance worthwhile. An out-of-pocket long-term care commitment can lead to quick financial depletion and eventual bankruptcy. Home health care and facility care are among the highest in the health care industry, especially if needed long-term. It is wise to purchase long-term care, especially for older individuals, as statistics show your odds of needing long-term care increase greatly as you age. It is important to remember the need for long-term care can happen to anyone, at any time.
Was your question answered? Yes or No
 

Other Similar Questions

How does my insurance policy recognize "long-term care?"

Why do long-term care insurance disputes frequently arise?

What costs are not included in long-term care insurance?

Ask Share Lawyers

This searchable database contains information about disability, critical illness and life insurance claims, and what you can do if you are denied or cut off of your benefits. It is a collection of the most common questions we receive from our clients. General answers have been provided by our lawyers.