The answer is "It depends."  A number of factors contribute to the planning for extended care needs in the future. 

• What is my current health and past health history?
• Is there a history of longevity in my family?
• Am I a current or past smoker?
  
• How would I want care received?
• Do I have current health, life or long term care insurance policies?
• What is my current net worth (what am I trying to protect)?
  
• How much am I willing to set aside to protect against this risk?
• Have I updated my estate plan and beneficiaries?

Contact us to discuss what options are best for your situation.