What are the most common reasons used for not buying Long Term Care Insurance

Today I  want to  list  some of the most  common EXCUSES for not  buying LTC insurance

Frankly that is  exactly what they  are. By not planning for your LTC needs by default you  get the government plan for LTC. If you truly understand that this is a fact you  would not use any of these excuses!!!

A, It wont happen to me!

B, If I don't use it I loose the money!

C, It is to expensive!

D, I will just self insure!

E, I am to young to buy it!

F My Health insurance plan, Medicare  or Medicaid pays for LTC

Please give me your ranking in order of priority  numbers 1-6   with 1 being the highest valued answer in your mind!

 Now  for  some TRUTH about the above items  A-F

A  If you take 2 couples or four adults the truth is  at least two out of the four will need LTC!

B Yes sometimes that is true but there are several products available that  eliminate that  risk!! Call to  arrange a meeting to learn how to  avoid that  risk!

C The cost is actually modest if you consider the risk and if you  buy the policy  early enough!

D  How much money does it really take to self insure.  Some people truly are able to  self insure  but the funny thing is that most of them go ahead and buy LTC Insurance because it is a SMARTER use of their resources. In reality most of the people who want to  self insure do not have  enough assets protected from market risk to be able to Self Insure!

E  The only protection from being medically uninsurable is to buy it while you  still think you are to young to  buy it.  Every year you  delay you just increase the costs for the premiums!

F Only  about 10- 12 percent have LTC Coverage today. Your Major Medical Plan does not pay for LTC, Medicare Does not pay for LTC, and Medicaid only pays after you and your family  are destitute. Is this a situation you  want to leave for  you or your loved ones?

Talk to a licensed professional  to  develop a LTC plan!