Not exactly. First off, insurance is never an "investment". Long term care insurance is PROTECTION for your investment. Insurance provides PROTECTED GROWTH for your investment portfolio.

Insurance is always an "expense" which you assume in order to protect financially against a possible negative situation. It cannot "beat" an investment, but without long term care insurance, your investment strategy may be for naught. Understand, pure insurance is not intended to appreciate or provide a "return on investment".

Again, insurance is properly viewed as an expense. Like an airbag, first-aid kit or safety belt, it is there in the event you are unfortunate enough to need it. At that point it kicks in to save the day. In the case of long term care insurance, what you protect is your other investments and family assets, as well as the safety, security and peace of mind of the entire family unit.

Long Term Care Insurance & Your "Chances"

Keep in mind that long term care insurance is a "planning tool" - You fund it, and naturally, you hope that you will never need it! As the wise man said, "I HOPE that it's money down the drain, because I never want to use this insurance!"

In any case, you don't get your money back. It's just like your homeowner's insurance or auto insurance, except for one difference: The chance of a catastrophic homeowner's claim is 1 in 1200, catastrophic auto claim is only 1 in 240 - But the chances of utilizing your long term care insurance is about 50/50 - like a coin toss! That's why you pay for it, because the chances of your using it are so high.

For some time I worked as a securities representative, so I have a sensitivity to investment issues. Here is something to consider in your investment strategy. You dedicate funds to investment vehicles targeting growth and income, all the time weighing the risk of a catastrophic market correction or total meltdown. But consider this: With long term care risk near 50%, your market risk is really quite slight compared with your risk of a long term care need. In order to protect your nest egg of investments, you are wise to look into long term care insurance early on as your expense is locked in at a lower rate.

Example: An age 65 person with a $300K portfolio could pay a hypothetical $1K - $2K in annual long term care insurance premium (only 30 - 60 basis points or 0.3% - 0.6%), thereby protecting the overall portfolio from the ravages of future long term care costs. In 15 years, when that care is more likely to occur, individual long term care costs are expected to top $100K per year, so for the average 2.8 years of care (a $280K hit), the portfolio could be severely damaged without long term care insurance in place.

That's why so many are buying long term care insurance - not as an "investment", but as investment PROTECTION.

A large portfolio (say $1 Million) can benefit as well, as the same amount of money is still at risk. Yet the premium expense is much less relatively (only 10 - 20 basis points or 0.1% - 0.2% of the portfolio). Professional financial planners know this and the resounding consensus is, "Why WOULDN'T you own long term care insurance to protect your investment portfolio?" It makes financial sense.

People like you build their portfolios by prudent planning, and they KEEP those portfolios by prudent planning. Long term care insurance is the embodyment of prudent planning. It's now smart to get a rate quote on long term care insurance.

Consider These Unbelievable Statistics

Nobody wants to go to a nursing home. Census figures show that only 1.34% of the US population resides in institutions. Smart people want affordable alternatives.

Most people prefer to receive care at-home as long as it's affordable and appropriate. After that, most people prefer to reside in an assisted living arrangement rather than in a nursing home (It helps to have insurance pay for this non-institutional care, to support at-home care as long as possible).

Even so, there is nearly a 50% chance that, due to medical conditions, a person will eventually end up requiring 24-hour skilled nursing care in a facility. Here are the statistics:

COST ANALYSIS

Leading Causes & Average Lengths of Nursing Home Stays

Leading Causes:	Length of Care:
Alzheimer's	96 months
Cancer	36 months
Cardiac	16 months
Diabetes	48 months
Pulmonary	36 months
Stroke	21 months

Nursing facility costs vary by state, but let's say the cost could be $60,000 to $200,000 per year.

These figures inflate at least 5% annually.

So, 10 years from now, the average Alzheimer's private room stay could cost the family: $1,600,000 - OUCH !

Do you want your family to pay THAT out of your savings - or out of your family's savings? I don't think so...

Even knowing all this, there is still a lingering temptation to compare the numbers of a side-fund investment against a long term care insurance policy, isn't there? I've done these studies over & over when I was a securities rep and no matter what your age, investing never works as well as insurance.

When you are ready to move forward with LTCi protection, use the Buyer's Advocate Alliance FREE comparative rate quote service.