Source: Flickr user American Advisors Group

If you don’t have a lot of assets to protect, then you just don’t need long-term care insurance. After all, simply put, it’s a tool to protect your assets. So, what’s “a lot” of assets? Well, I think that depends on the value you place on what you have accumulated.

A single man with $100,000 may not feel the need to protect his money, whereas a couple with the same amount may think long and hard about protecting the same $100,000.

The fear of dying too soon has been replaced with the inevitable reality of outliving your money!

What if one of them needs care and spends down that nest egg?  Obviously that leaves the healthy one financially unhealthy!  So, if you are 70 or 80 years old, with no additional money saved, how do you start over?

The need for long-term care services as we age is real. Making an educated decision about long-term care planning is a must, even if you choose not to buy long-term care insurance.

If you are concerned about protecting your assets, talk to a professional who specializes in long-term care planning.