Long-Term care insurance is usually the last type of insurance to get. Some of the reasons for this are that no one wants to think of themselves needing help with bathing, eating, etc. It is very easy to procrastinate or hope that your savings will be sufficient to meet any associated expenses that will occur. Long-Term care costs are increasing rapidly with the average cost of a Nursing home at over $70,000/year.
Long-term care is typically by those who are frail and elderly, but statistics show that long-term care is required by anyone with a debilitating illness or injury who needs assistance to perform what is considered everyday functions, such as feeding oneself, bathing and getting dressed.
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