There is a real chance that at some point in your life, you may need to enter a long-term care facility or receive special medical care in your home. This type of care can be very costly, depending on the level of care wanted or needed. In most instances these costs may not be covered by your government health plan.
Where will the money come from to pay for the care that you need? Long term care insurance can provide you with the benefit that you require. With good financial planning you may not have to draw from your savings, and you will be financially prepared for all the different stages of your life.