Well, why not?! Why did I assume you don’t have Long Term Care Insurance (LTCI)? Because according to industry figures, only 7 to 9 million of the nearly 400 million Americans do. Assuming that some are too old and many are too young for this type of coverage, that is still a very low percentage of the population that is insured.
If you do own LTCI, I hope you wrote your kids a Christmas card telling them you’ve given them a wonderful present. Each time you pay your premium, you give them the gift of not having to worry about your later-life care.
For those of you who do not own this very important insurance, you should consider it with a competent professional in the near future. If you’re over 50, it is time to begin thinking about this coverage. If you’re my client, and we haven’t discussed this, we need to. You can expect we’ll touch on it in your review this year.