Long Term Care Insurance for Generation X

February 8, 2007

If you’re part of Generation X then your parents are likely part of the Baby Boomer generation that needs to start thinking about long term care. When Jeremy at Generation X Finance called for guest posts this week, long term care seemed to fit the bill. Head over to his site and read about what I’ve learned recently in the article Do Your Baby Boomer Parents Need Long Term Care Insurance?

I ran across a great summary article entitled “Why Long Term Care Insurance?” over at Hills Personal Finance that can help you out when researching the subject. He tells us 8 things we should look for in a long term care policy and and 5 different factors that effect the pricing of a policy.

Some other resources to check out are the government’s long term care page on the Medicare website, these articles from the National Care Planning Council that in their words “constitute the most comprehensive source of long term care planning information ever published”, and a site by Alexander, Hawes & Audet, LLP on Avoiding Fraud When Buying Long-Term Care Insurance: A Guide For Consumers And Their Families.

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Ben

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Ben
Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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