Who should NOT own long-term care insurance?

A very well-written article was printed in the Times Union paper (and on their website) this past Sunday.

The writer interviewed some financial planners and elder law attorneys who specialize in estate planning and Medicaid planning.

They answer many of the more common questions related to long-term care planning and long-term care insurance, like:

  • Who should not own long-term care insurance?
  • How much should someone have in net worth before they should decide to “self-insure” for long-term care?
  • How much does long-term care insurance cost for most people who buy it today?
  • What age is “too young” to buy long-term care insurance?
  • What is the best age to buy long-term care insurance?
  • What questions should you ask before you buy long-term care insurance?

Here’s a link to the article:









About Scott A. Olson

Scott A. Olson, is the author of “The Guidebook for Making Long-Term Care Insurance Easier.” He is a licensed insurance agent and has specialized in long-term care insurance since 1995. He is licensed to sell long-term care insurance in over 40 states. Scott was born and raised in New Jersey and attended Rutgers University. Scott was a caregiver for a close relative for two years. That personal experience has made him acutely aware of how to help his clients design and choose a long-term care policy that will benefit them when they need it the most. Scott and his wife Carolyn live in Redlands, California. Scott and Carolyn have four sons.