What Age Is To Young for Long-Term Care Planning?

A survey of Long-Term Care insurers at the end of 2007 showed that the youngest policyholders receiving payemets were age 23 and 25. Yesterday's image of long term care is something that people need when they are old ... and old is subjective. It is true that most people will need long-term care as a result of getting older. But, younger people have accidents - skiing, riding motocycles all come to mind. Surgery will fix that busted knee - but you will need lomng-term care for months of recovery and your health insurance does not cover that. Younger people get illnesses in their 40's and 50's like MS and Parkinson's that can require the need for years of care. Just something to think about .....