Because Long Term Care Insurance (LTC) is a relatively new insurance product, I recommend that you avoid purchasing an LTC policy from any company that hasn't been in the business for at least 10 years.
Here are the two biggest provides of LTC insurance:
We're feeling GREAT today after reading your book "The Automatic Millionaire." Despite having three special needs children and the mounting bills that accompany them, we started the automatic deduction process 10 years ago with my husband's 401k. You really DO not miss what you cannot see. That "automatic deduction" has grown from zero to over $126,000 even though we have had to tweak our percentage to match our financial needs at any given time. Despite dropping to 2% some years, we are back to ... more
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