: Middle-income individuals with assets between $75,000 and $1.5 million (excluding their primary home) often find LTC insurance most beneficial for protecting their savings from being depleted by high care costs. When to Skip :
: Those with over $1.5 million in assets can often "self-insure" by paying for care directly from their investment income. is it worth buying long term care insurance
Long-term care (LTC) insurance is generally worth it if you have significant assets to protect but not enough wealth to comfortably pay for years of professional care out of pocket . It provides financial security, more choices for where you receive care (such as staying at home longer), and reduces the emotional and financial burden on family members. Who Should Buy It? : Middle-income individuals with assets between $75,000 and
Long-term care is expensive and usually not covered by Medicare, which only handles short-term recovery. Should I buy long-term care insurance? | III It provides financial security, more choices for where
Deciding whether to buy a policy often depends on your net worth and income: