Suze Orman and Long Term Care Insurance - The Ongoing Controversy

 

Suze Orman, America's most popular financial advisor, is clearly America's most visible proponent of long term care insurance. Why all the fuss over this insurance? Ask Suze Orman: It's because she knows that Americans must embrace this family financial tool if they seek a mature, secure retirement.

Suze Orman is bringing America's baby boomers into awareness on retirement planning and the need for long term care insurance. For this she should be commended.

Here are few words from Suze Orman: "Considering how hard people work for the majority of their lives with an eye towards retiring, it's surprising to find that many give little thought to actually funding (and protecting) their retirement."

In her books "You've Earned It, Don't Lose It: Mistakes You Can't Afford to Make When You Retire" and "The Road to Wealth", Suze Orman addresses this sad fact and "goes beyond the usual financial primer to describe how to safeguard your financial future with smart long term care insurance."

"No well-planned retirement should be without long term care insurance. It is the very cornerstone of retirement security." - Suze Orman

" Long term care insurance and Suze Orman " - - These words go together well, because long term care insurance is Suze Orman's favorite topic.

But is Suze Orman telling enough? Is there more long term care insurance info to learn? In the past she has been seen on the shopping channel, QVC, promoting long term care insurance from one of America's leading LTC insurance companies.

We believe there is cause for concern with this "one-company" approach, because not all buyers will be best served by looking at policies from just one insurance company. Buying LTC insurance after only looking at one company is not a smart move in the long term care insurance game.

Does Ms. Orman speak out forcefully enough on long term care insurance ? It depends on your perspective - Some folks may disagree, but to a person like me, with Multiple Sclerosis, LTC insurance is what Suze Orman should mostly focus on, since the high cost of long term care can destroy a family's dreams in just a couple of years.

In truth, Suze Orman, the late Christopher Reeves, Michael J. Fox and Annette Funicello could all be poster children for long term care insurance - One a financial planner, one spinal injury, one with Parkinson's and one with Multiple Sclerosis. Long term care insurance would have been crucial to all their lives, and it will most likely be at some point in your life. You will be glad to have long term care insurance for yourself and/or your spouse, should you ever need care.

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