Is your family prepared to care for you?

This may be an option for you. It is estimated that care for the elderly or disabled will surpass childcare in the next 30 years— this care will be given by family members, who will have to use their own funds and deplete savings. They will be forced to take time off work, further reducing their earning power and jeopardizing their employment. If they are self-employed, they may find their businesses in danger.

In addition to these direct costs, there are indirect costs on family caregivers, such as:

Strain on family relations
Marital problems
Loss of personal pride
Loss of independence

In the past, families lived together and children did not move far from their parents. Taking care of elderly parents was a part of life. However, today's families are highly mobile and live large distances apart. This can make care giving impossible.

If you can't imagine why you should buy Long Term Care Insurance for yourself, then buy it for your family's sake.

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