Those who really love their families do their utmost to protect them from needless pains and cares. This is the motivation for buying most insurance policies in the first place. But, for those same people, long term care insurance does seem like a waste. Is that unwise?

Statistics show that of all Americans aged 65 and above, 40% have a 50% chance of needing long term care before they pass on. Apart from the financial involvement, the strain on family members can be great if adequate plans aren't on ground.

Think of it: If the odds that you'll need something are 50 percent, would you be wise to avoid it. The experience of unprepared people who end up needing long term care can be very painful. Almost three out of ten long term care users pay from their own pockets. Close to 40 percent use medicaid.

If you think these are painful statistics, look at this...

Majority of those good people who started paying from their own pockets exhaust their savings, become financially ruined and finally end up using Medicaid as they become poor enough to qualify. It's painful that a little more care would have saved them such great loss.

Having one's dreams shattered at their golden age remains one of the worst nightmares anyone can have. A long term care insurance policy will ensure long term care doesn't steal your dreams.

Hopefully, you won't need it. But then you'll not lose your sleep, dreams or investments whether you eventually use long term care or not.

I know the cost of long term care insurance is often the issue. You can pay for long term care insurance without spending too much if you go over all your existing insurance policies again. Get and compare quotes from three quotes sites for each of them (That is, your auto, health, home, etc) insurance policies.

If you do this well you'll either realize enough savings to pay for long term care insurance without altering your insurance budget or you might just have to add a little extra to pay up.