This morning, I woke up, and the first thing I did was call my dad, who is in the hospital right now for unknown reasons. He is definitely going to need long term care insurance once he gets better, as this was a close call and really has me thinking. The problem is, according to what I've read, you have to qualify medically for this type of insurance.
So having said that, my dad should improve and get to the point where he can qualify, but learning 101 about long term care insurance has been an eye opening and scary experience. The statistics are not good - most people will end up needing long term care at some point, so having the insurance is always a good idea, given the cost for premiums is much less than the cost for care would be. It's not investing, it's insurance. There is a major difference, and you have to look at it that way.
