Who Needs Long Term Care Coverage?
Most experts agree that you should get Long Term Coverage "if you have assets that are in the range of $150,000 to about $2,000,000." The reason is that those with assets of less than $150,000 will tend to deplete their assets very rapidly and hence will end up qualifying for MEDICAID!

It would seem that people "who have Assets in excess of $2,000,000 will generally be in a very strong financial position to cover themselves for any Long Term Care expenses. These people probably have the financial flexibility to cover these enormous expenses from their investments and other financial instruments that were specifically designed for this purpose.

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Interesting!

Seems like this a coverage that we all Middle Class need to have, judging by your advise! Seems correct to me! Nice Article a change from Tax Articles but related to Financial Planning...

Thanks..we need more posts or articles in this area...

If you ask me, it depends where you live. If you live in a developing country with politically and economically stable environment and large GDP growth rates, then it does not make sense to invest in pension scheme that seems to me quite risky and can not provide you with appropriate return. Some solve this problem by investing in offshore banking centers that provide pension financing. If I am not mistaken Bahamas provide quite flexible pension scheme, but the problem is the same as in onshore pension schemes: your return on investment is not appropriate. In both cases you keep funds so that they earn you negative economic profit meaning that you can find better places to invest elsewhere.

Obviously you have a question: ok, I believe you, but where is a better place to invest. I would answer you to invest in real estate. First of all price of real estate increases with GDP and second you can rent out real estate and earn income on that.

Now you may have another question: but I was planning to put away tiny amounts every month and I can not afford buying land or a building. The answer is mortgage: get a mortgage and you can even cover month repayments by the rent.