Who is a good candidate for a long-term care policy?
• Has assets he would like to protect or leave to others, or that have sentimental value. • Is able to afford monthly premiums. • Would be unable (or is unwilling) to pay out of-pocket for a long duration of long-term care if the need arose. • Is not currently disabled or seriously ill, but has a family history of longevity, or a health history and/or lifestyle suggesting increased risk for disabling disease or injury. • Wants to ensure independence and control over his money and assets. • Wants to protect his family members and their lifestyle from the burdens of providing long-term care. • Has an income level too high to qualify for Medicaid. Back to Top Who is not a good candidate for a LTC policy? A policy may not be the right option for a person who: • Has few or no assets to protect (less than the cost of one year in a nursing home is one rule of thumb that may be used). • Is unable to afford insurance premiums, either now or in the future. • Is already disabled or has a serious
