REASONS OTHERS HAVE PURCHASED LONG TERM CARE INSURANCE

"When I applied for Long Term Care Insurance, I told my children that it was as much a gift to them as it was for my husband and me, because it benefits all of us. Through this one act of personal responsibility, I've helped ensure I'll have the ability to choose where and how to spend the later years of my life." Helen B.

"With the continual escalation of the cost for long term care, I don't see how I could possible pay for my care 20-30 years from now. A long term care policy, with inflation protection, is the best way I know to control my expenses, cap my exposure and keep up with the rising costs." Alan B.

"I didn't raise my children so that I would be a burden to them later on..." Mary S.

"We lost Dad six months ago and Mother went to be with him last week. They were in the same rest home for most of the last three years. Thanks to their long term care insurance policy, we still have the ranch my family homesteaded in 1894." Corinne S.

"Alzheimer's is the 3rd most expensive disease in the country, and surprising to most is the fact that no medical policy covers the 3rd most expensive disease. Yet, you can't buy a long term care insurance policy that doesn't cover it; it's the only protection we have for the tremendous cost of care associated with this disease." Robert R.

"We have few choices. We can pay for our care on an out-of-pocket basis; we can depend on family or friends to take care of us; we can liquidate assets to qualify for Medicaid, or we can buy long term care insurance." Charles M.

"Even though I am financially capable of providing for my own care, I purchased a long term care policy as 'stop loss' insurance, using a higher deductible; it just made good business sense...I worked too hard to be flippant about losing my assets." Alex P.

"Nearly 40 percent of Americans will need some form of long-term care during their lives—but few plan for its cost. Many think Medicare pays for extended long-term care expenses…but it does not!

We need to help families secure access to the long-term care their loved ones need, not break the backs of our kids to pay for it. If we continue to rely on publicly financed programs like Medicaid to pay for nursing home services, the resulting tax levels—borne by our descendants—will be unsustainable." Congresswoman Nancy Johnson

"If you're in your 40s, these policies are a bargain – at least compared with what they cost when you're old enough to need them." TIME

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