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My opinion on long term insurance(beneficial or not) :-
Most people are afraid to face the retirement years, when financial matters are at stake, for fear of circumstances, which would become unhappy and without money. The problem is most feared is the crushing financial cost of long-term care for people suffering from serious health problems. Elderly feel paralyzed physical shortcomings, but because prices are rising in the long-term care.

Should increase the average life expectancy is considered to be the basis for long-term care. The longer we live, and another instance for us to pay a sum of money to help us perform daily activities and personal. It is said that the average American life has increased dramatically. Since 1940, doubled the chance of living another 20 years, is expected to increase by 2030.
Longevity is the start of medical problems that may cause such as cancer, Alzheimer's disease and other illnesses associated with age at any time in the future. Elderly aged over 85 are likely to suffer a gradual loss of ability to care for their own due to his poor physical fitness and mental damage. Patients who suffer from chronic diseases such as dementia and Alzheimer's disease live almost as if dead.

Before, but nobody expects a family to care for ill or aged loved ones. Children, parents and old, and is usually responsible for the care of their fathers and mothers, and services from care providers, and rare. Today, caring responsibilities in the family has been practicing as a divorce, and small family size, and runs the department and the convergence of lost love in the family. Divorce has catastrophic consequences in the family. Participation of women in the labor force and exacerbated the problem, because women have to perform their duties in the family, such as the provision of care, because they are more focused on their jobs instead of their families. With these types of social and cultural factors, and family members of elderly or sick and would suffer more than others. There is no need, therefore services that we consider "foreign" to fill our responsibility for elderly parents or family.


The cost of expensive nursing homes annoying. Average nursing homes' annual rates ranging from $ 100,000 or more, and costs increase with inflation. Key services include physical therapy, cooking, and even more so to some extent also be charged of up to $ 80 - $ 250 per day. People can only keep a few at the expense of Long-Term Care. Although some are financially able but not willing to shell out over a long-term care, primarily to prevent shortages or financial loss.
And used for the sub-committee in Congress on the implementation of the aging study revealed that 70% to 80% of the total population of nursing home personal and family savings to use the services at this facility. After the exhaustion of savings and assets, and residents in a nursing home, usually for the transfer of equipment is less expensive and undesirable. They say that most Americans did nothing to prepare for the long-term care to believe that medical care and conservation. Too late and they know that medical care by qualified low-income groups with total assets amounting to $ 2,000. Otherwise, medical care is usually paid for admission to 100 days in the hospital or social care institution. Medigap plans are also not reliable in terms of long-term care. Unfortunately, health care or Medi Cal coverage is excluded in the long-term care of elderly suffering with aging, but they prefer older, suffering from an acute illness. Worse, most nursing homes rated in found in any of the states reject the medical care program or MIDI Cal. This means that fewer than providing health care or medium-quality care compared with those who can afford private care in the long term.

This problem is convinced that the financial squeeze on long-term care, many insurance companies to improve long-term policy. Currently, there are many companies to provide more affordable and comprehensive care in the long term insurance, in comparison with previous policies. Now, most people prefer to buy long term care insurance policy, especially social, rather than risk the health care program bad. Long-term care insurance depends largely on human health and age. Most long-term care policies are limited to people who have good health, and several companies, so that it is only selling insurance for more than 80 It is recommended to be insured at age 50 years or less, save more on premiums and benefits in the lock.
Type of insurance depends ultimately on the particular care of personal needs. Some people need immediate medical assistance and direct, while others only require assistance in their homes. You must log in politics a long-term care insurance, and assess their own needs first and to shop for insurance is good. Do not accept that policy and make sure that this policy will provide coverage as long as you want. Also make sure that the contents of this policy may be extended.

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