Recently I was turned on to Dave Ramsey, a national radio show host, amoung other things.  Maybe you've heard of Dave and are also researching long term care insurance.  I've made this page to put a few of the suggestions that Dave Ramsey gives his listeners and readers all in one place.

Does Dave Ramsey like Long-Term Care Insurance?

Dave Says Yes, if it's at the right price and you are in a catagory of people who need LTC insurance.   Indeed, Dave suggests LTCI for those over the age of 60 - if the price is right.  Dave suggests that you as a consumer shop around for long term care insurance!  This is something that we do for consumers dozens of times EACH DAY!  Request a quote below, or keep reading.  

What does Dave Ramsey suggest paying for Long Term Care Insurance?

• In one of his colums on WorldNetDaily, Dave was asked by a single 60-year-old female whether she should get LTCI. 
  
• Dave suggested that if rates where under $1,200 it would be a good investment.  This is the importance of shopping the long-term care insurance market. 
  
• Getting quotes from the top four or five companies is step one.  Dave Ramsey likes long-term care insurance and so do many financial advisors

 According to the National Association of Health Statistics they following is a top 10 list for conditions that may cause a person to need long term care assistance and file a claim on their policy.  Of course there are more illnesses and injurys that could cause a long term care stay, this one covers the most common that may trigger a long term care insurance policy's benefits.

1.  Fractured bones commonly resulting from a fall
2.  Recovery from an illness, injury or surgery
3.  Rehabilitation following a hospital stay
4.  Alzheimer’s Disease and dementia
5.  Multiple Sclerosis (MS)
6.  Parkinson’s Disease
7.  Heart Disease
8.  Strokes
9.  Head injury again commonly caused by falls
10. Chronic or terminal medical conditions

Today I was reading an article at The Motley Fool, which is an online financial publication.  It aptly pointed out that deciding to buy Long Term Care insurance is one decision and deciding when to purchase it is another.  We share concern this with our clients all the time. 

You may struggle with the question of whether or not to buy long-term care insurance. But if you decide that you want it, choosing when to buy it can be even more of a challenge.

Long-term care insurance pays out financial benefits to help you pay the expenses of nursing homes, home health care, and similar needs resulting from chronic illness or disability. Because the cost of such care is so high -- $5,000 per month or more for full-time care in a skilled nursing facility -- many financial advisors recommend insurance coverage to keep those costs from wiping out your entire life savings.

Typical Reasons to Buy Long Term Care Now.

If one is going to purchase LTC insurance, they are usually doing so in order to create peace of mind in their own lives.  “Holding out” for a better time to buy in order to save on long-term premium outlay is something to consider, but the added peace of mind over the time you have the policy can really be worth so much more.