The first question you need to consider, What is my net worth ? Keep in mind the average costs are between $41,000 and $75,000 annually and these costs are predicted to quadruple by the year 2030.

Next question, How long do I plan to live? Obviously this is a silly question, but without knowing for certain what your life expectancy is, how will you know if you will have adequate funds to pay for your care?

As reported by the Wall Street Journal, June 2000, 70% of all people admitted to a nursing home go home broke within three months. In this same article it was pointed out that 50% of all couples are impoverished within six months after one spouse is admitted.

Long Term Care Insurance eliminates the uncertainty of whether you will have adequate assets to pay for your long term care needs.