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How do I know if a loved one needs long-term care insurance?

To work out if your loved one might benefit from long-term care insurance, consider the following indicators:
  • You or your loved one has high income or more than $100,000 in assets, not including the home and personal items.
  • You or your loved one wants to stay independent without help from the family. Remember though, no one should get a policy if they risk not being able to afford the premiums.
  • You or your loved one is predisposed to ailments that would require prolonged care.
Note: The insurance policy should as a general rule not cost more than 5% of the care recipient’s total income.

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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.