My wife and I love our family, and we don't want to ever be a burden on them. So we decided to invest in long term care insurance and take some steps to protect us and our family in case we get sick or need special care as we get older. Even if we never need it, we sleep better knowing we're protected. In so many ways, planning pays off!

People are enjoying longer retirements than in past years because medical technology and healthier living has helped to increase the average age span for men and women. Many people will need to provide financial support for themselves for as many as 25 or 30 years after retirement. For some, that will include time spent in a nursing home or other extended stay care facility. Some key questions to consider as you begin thinking about these issues include:

1.	Does my family have a history of frailty or longevity?
2.	Do I have family members who will be willing and able to help me if I become sick or infirm?
3.	Do I want to take the risk of spending all my assets on nursing home care?
4.	Can I afford to move to a community that provides life care services?
5.	Do I have the information and resources I need to take advantage of elder care services in my community?

Elder and long-term care needs present some challenging decisions. You may want to consider consulting a professional for help in this area. Search our database for information about 10 Questions to Aid in Finding Your Financial Adviser - someone who can help you address your elder and long term care needs.

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