Long Term Care Insurance and Suze Orman
The Ongoing Controversy
Suze Orman, America's most popular financial advisor, is clearly America's most visible proponent of long term care insurance. Why all the fuss over long-term care insurance? Ask Suze Orman: It's because she knows that Americans must embrace this family financial tool if they seek a mature, secure retirement.
Suze Orman is bringing America's baby boomers into awareness on retirement planning and the need for long term care insurance. For this she should be commended.
Here are few words of advice from Suze Orman: "Considering how hard people work for the majority of their lives with an eye towards retiring, it's surprising to find that many give little thought to actually funding (and protecting) their retirement."
In You've Earned It, Don't Lose It: Mistakes You Can't Afford to Make When You Retire, Suze Orman addresses this sad fact and "goes beyond the usual financial primer to describe how to safeguard your financial future with smart long term care insurance."
"No well-planned retirement should be without long term care insurance. It is the very cornerstone of retirement security." - Suze Orman
"Long term care insurance and Suze Orman " - - These words go together well, because long term care insurance is Suze Orman's favorite topic.
But is Suze Orman telling enough? Is there more long term care insurance information to learn? We believe that to get a good grasp of what long-term care insurance can do for you and your family you need to consult with a long-term care specialist. It is also important that he represents the top carriers which gives him the ability to show no bias toward one company or another. You can then be able to compare several companies to see which best fits your needs and budget.
Does Ms. Orman speak out forcefully enough on long term care insurance ? It depends on your perspective - To a person like me, who has dealt with long-term care with my own family this insurance is what Suze Orman should mostly focus on, since the high cost of long term care can destroy a family's dreams in just a couple of years.
In truth, Suze Orman, the late Christopher Reeves, Michael J. Fox and Annette Funicello could all be poster children for long term care insurance - One a financial planner, one spinal injury, one with Parkinson's and one with multiple sclerosis. Long term care insurance would crucial to all their lives, and most likely at some point in your life, you will be glad you have long term care insurance for yourself and/or your spouse.
Our nation has taken Suze Orman into it's heart and hangs on her advice. Now it's time to heed her words and research your long term care insurance coverage before it's too late.