Pros and Cons of Long-Term Care Insurance

Pros and Cons of Long-Term Care Insurance

Deciding if long-term care insurance will be beneficial and useful to you later in life is very difficult… We get it!

On one hand, it may seem like a smart decision to make, because you’ll need the coverage once you reach an older age, but on the other hand, it may seem pointless, especially if you (and your doctors) deem yourself to be healthy.

Purchasing long-term care insurance ensures that you will be taken care of when you need it. If you’re wondering if Medicare will cover your long-term care – think again. 

Read our blog posts about the difference between Medicare and long-term care insurance under the category “Medicare” on the right side of this page, or click one of the links below. 

Click here to check out more blogs on Medicare and Long-Term Care.


Are you an educator wondering if you need long-term care insurance? Read our blog about it HERE.

Questions to Ask Yourself

Listed below are some questions to ask yourself when purchasing long-term care insurance from National Educational Services.

Do You Live A Healthy Lifestyle?

Although it may seem hard to believe, those who live a very healthy life may be more likely to need extra care in the future. 

In society, we typically see those individuals who have lived very healthy lives to be the individuals that need extra long-term care. This is because those who live an unhealthy life suffer from heart problems and cancers before they even reach the situation of possibly needing extra medical care. 

If you live a healthy life, you will find that the older you get, the longer you are able to stay in your home longer and use your long-term care insurance to cover the costs of an in-home caregiver or nurse. This allows you to maintain your independence for a longer period of time while also being provided care that is covered under your long-term insurance plan. 

What Does Your Family Medical History Look Like?

Looking at your family health issue is very important and should not be overlooked when you are in the process of purchasing long-term care insurance. Questions you should answer for yourself when looking through your family medical history are:

  • What is the lifespan/longevity of your family members?
  • Have any of your family members required extra care services in their later years?
  • Who assisted them in their extra care? Were family members around to help?
 

Today, families are becoming more spread out than ever before. Due to this, it makes it hard for family members to assist other family members with extra care needs later in life. If this is your situation, long-term care insurance may be great for you so that you do not suffer a major financial burden when paying for extra care.

What Possible Care Could You Need Down The Road?

If you have come to the conclusion that you may need to hire extra care later in your life, you should also determine the type of care you think you may need. 

Will you need help with physical activities and chores, or will you need to move out of your home and into an assisted living facility?

If you do not have the financial means to pay for the extra care that may be necessary for you, then you should consider purchasing a long-term care insurance premium to ensure that when the time comes, some of the financial burdens will be relieved. 

Click here to check out more blogs on Medicare and Long-Term Care.


Are you an educator wondering if you need long-term care insurance? Read our blog about it HERE.

Get Started Today – Speak with a National Educational Services Long-Term Care Insurance Agent

Making the decision to purchase or not to purchase long-term care insurance can be very challenging. 

Speak with a long-term care insurance agent or consultant from National Educational Services today to help you better understand long-term care insurance and if it is right for you.

Fill out the form below, or give us a call to get started today!

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