Long term care insurance is a type of health insurance offered to those people who are in need of help along with their activities of daily living like eating, toileting, transferring, dressing, continence, bathing etc. This type of health insurance is only offered to the people who require considerable care after their brain injury. Millions of people across the globe have realized the actual benefits of LTCI and they are selecting this health insurance as soon as possible because they know they may require LTCI in future. It is estimated that around 13 million people in USA require long term care, among them 40 percent of people are of old age. Now with these statistics, you might have come to know why it is essential to purchase LTCI immediately just before your retirement.
According to government of US they have revealed that it is always a better idea to purchase LTCI in prior when you are younger so that you can take the benefits when you grow older. It is suggested that you should purchase LTCI at young age because at that time the premiums are low in comparison to old age because the risk is more in old age than young age.