Most people do not think that they will ever need long term care insurance. However, it is inevitable that people age, and with age, comes the possibility that someone may not be able to take care of himself/herself. Also, you may have to think about family members, and whether or not you will be able to provide for care if someone gets ill.
Long term care insurance covers the cost of medical and nursing home costs for the insured. This is a generalized summary, but the basics are easy to understand. A report published in 1992 in the New England Journal of Medicine reported that 43% of people over the age of 65 will enter a nursing home in their lifetime. Nursing homes are expensive, and medical costs continue to rise. It's time to think about the future. Apply for long term care insurance rates.