Long Term Care Insurance is discussed in length both in the health care and financial circles. Children born between 1946 and 1964 are known as Baby Boomers. When the last of the baby boomers reach 65 by 2030, 40% of them will live to celeberate their 90th birthday. With increased life expectancy, the chances of needing long term care also increases over the age of 65. At some point in life 70% of people past the age of 65 will need some kind of long term care services.

Most senior citizens live on fixed incomes. They are barely able to keep up with the rising cost of living, mortgages and taxes let alone meet the high and ever increasing Long Term Care Costs . Majority of the seniors desire to spend their last years with dignity and independence in the comfort of their own home.

Many senior citizens have serious medical problems forcing them to rely on family for their daily living activities. Children are unable to care of their elderly parents because they have moved away due to their work or have young children of their own to take care of.

An injury or an accident can happen to anyone at anytime forcing them to seek long term care. Medicare and Medicaid do not cover long term care expenses. People buy long term care insurance to pay for the high long term care costs.