Skip to Content
Investing Specialists

Five Key Questions About Long-Term Care Insurance

How likely are you to need it, and what kind of coverage should you buy?

When to purchase long-term care insurance--or perhaps more significantly, whether to purchase it at all--is on your mind, judging from the many responses to last week's article on the topic.

Many readers argued that this coverage is an essential component of their financial plans, for peace of mind as much as its role in preserving their nest eggs. Others, meanwhile, are forgoing this coverage because they question the likelihood that they'll incur long-term care costs or they have worries over insurance companies' financial health.

My previous article centered around the timing of a purchase of a long-term care policy, which is a key consideration for this type of coverage. If you buy a long-term care policy in your early 50s and don't need the coverage until you're 82 (or not at all), you'll pay a steep opportunity cost. But if you wait too long to buy a policy, it might be prohibitively expensive or you may have encountered a health condition that makes you uninsurable.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.