Many people in need of long-term care have questions about long-term care insurance:

• What will my long-term care insurance policy cover?
• How do I purchase long-term care insurance?
• When is the best time to purchase long-term care insurance?

The dilemma here is that long-term care insurance is unlikely to provide a solution in the event of a crisis. However, it may provide a viable preventative measure for select individuals. Keep in mind, though, that long-term care insurance is not for everybody and individuals should consult with an attorney before purchasing a policy. In short, whether an individual should purchase a long-term care insurance policy depends upon age, health status, overall retirement goals, income and assets. Generally, individuals should not purchase long-term care insurance if their only source of income is social security benefits or supplemental security income. Individuals may wish to consider purchasing long-term care insurance if they have a large amount of assets and do not want to utilize those assets for long-term care.

When in a crisis and when obtaining a long-term care insurance policy is no longer a viable option, ALTCS may be an answer families are looking for.