BOWES LTC - Independent Long-Term Care Insurance Brokerage Based in Madison, Wisconsin

Disclaimer: This website provides general information. It is not intended as a substitute for personal financial, legal or insurance advice.

Just as there is no "one size fits all" solution when choosing or designing a policy, the reasons for purchasing one are varied.

"if you can afford the premiums and you are insurable, the best solution to the prospect of significant long-term care costs is long-term care insurance"¹
to control the quality of care and where it is delivered
to continue providing an adequate retirement for spouse
to protect one's estate for heirs' inheritance
to prevent burdening family with care
to not depend on government programs such as Medicaid
one has a family history of illnesses that can require extensive long-term care services
one has a family history of longevity, including years of frailty when an otherwise elderly family member can no longer perform many tasks
to purchase more coverage at a lower premium, and before premiums become prohibitive due to applying at a later age
to obtain coverage while still being medically eligible
to buy coverage early enough to have the option to pay in full in 10 years or by age 65
to protect a family's lifestyle and retirement plan should one breadwinner suddenly require long-term care
to insure a parent's long-term care risk so the parent's care won't come out of one's own assets
to securely invest personal funds for other purposes
to continue providing for a dependent with a disability
to address issues that can arise in second marriages

1. "Long-Term Care Insurance," ElderLawAnswers.com, June 20, 2005. Retrieved October 7, 2005.