Consumers Ask: Should I Purchase Long-Term Care Insurance?

Authors

Lyle J. Hansen, University of IdahoFollow

Volume

47

Issue

1

Abstract

Seventy million baby-boomers may face the need for long-term care (LTC). Therefore, educating them about long-term care insurance (LTCI) is necessary considering the high costs of LTC services and the aggressive marketing of LTCI by companies. It is important that consumers receive unbiased information regarding LTCI and how it fits into their personal financial situation. Seminars using the Should I Purchase Long-Term Care Insurance? presentation and accompanying Comparing Long-Term Care Insurance worksheet have helped Idahoans: (1) become more knowledgeable about LTCI, (2) decide if LTCI is right for them, and (3) learn how to effectively shop for and compare LTCI.

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Recommended Citation

Hansen, L. J. (2009). Consumers Ask: Should I Purchase Long-Term Care Insurance?. The Journal of Extension, 47(1), Article 16. https://tigerprints.clemson.edu/joe/vol47/iss1/16