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:
Here is my real life story - In 1985 I was hired by a large automotive firm fresh out of college. The HR person doing the hiring gave me 401K paperwork to fill out. I told him that I wasn't making enough money to save for retirement - I was just out of college!
The man looked me in the eye and told me that if I didn't sign up with 6% of my income right then and there, he wasn't going to hire me! So, I signed up, and when I left that company 4 years later, I had a small nest egg of ab ... more
- Maureen Niemiec Shelby Township, MI
Shelby Township, MI
In Start Late, Finish Rich, David Bach takes the "Finish Rich" wisdom that has already helped millions of people and tailors it specifically to all of us who forgot to save, procrastinated, or got sidetracked by life's unexpected challenges.
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The views expressed herein are solely those of David Bach and FinishRich Media, LLC., and do not necessarily reflect the views of The Edelman Financial Group or any of its affiliates. Neither theinformation herein nor any opinion expressed herein constitutes or is intended to constitute investment advice or an offer to sell or solicit any person to purchase any security. FinishRich is a trademarked brand used by David Bach and FinishRich Media LLC. and none of David Bach, FinishRich Media LLC. [or The Edelman Financial Group or any of their affiliates] guarantee any financial results or a positive outcome to your personal situation.