If you love your family you'll do your utmost to ensure they don't suffer. That's why most people take up most insurance policies in the first place. But you'll be surprised to see the same people refuse to even consider the benefits of getting a long term care insurance policy. How safe is this position?

There are clear indications that 40% Americans who have reached the age of 65 have a 50/50 chance that they'll need some form of long term care within the course of their lives. If you've seen a family that had to provide long term care for their loved ones themselves, you'll agree that it can be really stressful and financially devastating.

Is it wise to avoid something if the odds are 50/50? The statistics on long term care could make you weep. The fact that close to 60 percent of those who require long term care pay by themselves shows they never thought it could happen to them.

About 40 percent of would use Medicaid because they're poor enough. But here's the most painful part:

A greater number of those who pay out of their own pockets still end up becoming welfare statistics since they become financially ruined after using up most of their life savings on long term care.

Such a tragedy could have been averted if only they were more thoughtful. Just imagine the agony a parent will feel if all the great plans they had for their children become impossible because they've wasted their life's savings on long term care.

A long term care insurance policy will protect your dreams and investments from long term care. You may end up being one of those who'll never need long term care. But then you'll sleep with the peace of mind that you and yours won't become part of painful statistics.