New statistics: Even though long term care is associated with seniors and retirees, Unum, a major LTC insurance carrier, reports that in 2006 almost 58 percent of LTCi claims were for people under the age of 65. So a good question to ask is: What evidence is there that LTCi is a wise and sound investment?. Duane Lipham is a Certified Long Term Care (CLTC) consultant. Would you consider having a home owners insurance policy a wise investment? If so, why?. In the State of Missouri Medicare Pays Long Term Care as follows First 20 Days Medicare will pay all. Service and support needs vary from one person to the next and often change over time. Every State has their own rules about what income and net worth requirements will qualify you for Long Term Care assistance. It is a daunting decision, given the fact that we spend so much of our lives working and sending payments for so many other kinds of necessary insurance. The best way to get cheap long term care insurance is to buy it when you are young and before you have any major physical problems. Would you consider having a home owners insurance policy a wise investment? If so, why?. These Annuities would allow you to take your Annuity over a Span of 5 Years to help pay for your long term Care Expenses. It enables you to be able to continue to enjoy the time you spend in their company, and they can enjoy visiting with you without having the extra pressure and stress that being a caregiver brings with it. Long-term care insurance costs vary dramatically with one of the most significant factors being at what age you take out your long-term care policy. If long term care insurance is affordable for you, you should definitely consider transferring that risk to the insurance company. These data underline the fact that the younger someone is when they apply for LTCi coverage, the better. The truth is that every company has their own proprietary method of determining policy features, premiums, and health issue qualifications. Home care can cost $12000 or more per year (HIAA, Guide to Long Term Care insurance, 1999). Even though they can cost a few thousand dollars to repair, the real threat to a person's financial assets would be a major accident where individuals are seriously hurt and may require extremely expensive medical treatment, perhaps even for a long period of time. If you see the wisdom in investing in both an auto and home insurance policy, what are the odds that you will have to use either of them to protect against a major financial threat in your lifetime? One in a hundred? One in fifty?. If you wait until you are 60 the cost of you long-term health insurance will increase with premiums more likely to start at around $700 - $800 if you are in good health. Every generation feels that leaving a legacy is important, even if their children are already successful. On average, someone age 65 today will need some long-term care services for three years. At the age of 50, depending on your state of health you should be able to get long-term health insurance for around $400 - $500. Certain Assets are Exempt from the Spend Day requirement and it is strongly advised if you have significant assets that you contact a Financial Advisor or attorney, who specializes in asset protection for seniors in your State. Online service is a great way to research long term care policies and company offerings. One of the major changes on February 2, 2006 was the enactment of the DRA (Deficit Reduction Act) of 2005. The cost of long term care insurance depends on your age, the benefits you choose, the length of coverage and other factors. Baby boomers are called the sandwich generation because many are caring for an elderly parent with medical needs while putting a child or children through college. With good home health care benefits available in most long term care policies, this choice can become a reality. In most cases, whatever the value that the policy would pay would be matched by the state in free, future, LTC benefits. If you consider the cost of long-term care which could stretch to more than $50,000 per annum in some instances, long-term care insurance could prove to be an excellent investment for the long term.