re: Long term care insurnace policies

I don't have one; however, I know of several friends that do. They are all in their 50s. Most companies (e.g. Southwest Airlines) offer it as a selection in their benefits.

The friends that have it sited history of family ailments. Therefore they felt it best to acquire.

I befriended a gentleman in his 80s that went into senior facility after his wife passed and his daughters felt it best to have 24 hr. monitoring. I visit him often as we were old coffee buds and he tells me that the place is extremely expensive. Operates sort of like a cafeteria plan. As such, he was pushing himself to be able to put on his own shirt in that they could reduce his monthly expense. It's eating at all of his retirement.

You could buy a plan now or sell assets later to pay for it. Depends on your circumstances. Some ppl. are not physically active and it catches up with them as it did my friend. Others keep moving well into their 90s and therefore the option maynot be something they'd consider.