Is long term health care insurance a good thing to purchase?

The idea of LTC insurance is that it will help protect your assets from the high costs of going into a nursing home or in-home care. Long-term care insurance makes a lot of sense for most people. The exception would be people that have no assets (house, savings accounts, retirement)
For more on LTC - http://www.findlocalinsurance.com/long-t...

Basically, long term care insurance is good to protect your assets. It will cover three years of home care before going to the nursing home. The importance of this is that you must give your assets away three years before you go to the nursing home to be eligible for financial aid. This way, your children will still have yheir inheritance intact.

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