Amid skyrocketing costs, the question of long term care insurance is a major concern for most American families. The writing is on the wall. Over 70% of Americans over the age of 65% will end up needing long-term care at one point or the other in their life. Annual stay in a private nursing home room costs well over $90,000. Given these costs – which can easily deplete your household’s assets within just a few years – it’s negligent not to plan ahead for possible long term care expenses. Long term care insurance options Long term care insurance is a great way to insure against potential care cost so you can keep your peace of mind. However, this insurance can be relatively pricey, and there’s the chance you might never even use it. Strict medical underwriting means that thousands of applicants have their applications denied for the following reasons: ·        Having a family history with some kinds of cancer ·        Already using long term care or getting help with Activities of Daily Living (ADLs) ·        Having a medical history of strokes serious heart ailments, or neurological conditions such as Parkinson’s Disease Elimination period – even if you have no pre-existing […]