Long Term Care Insurance Often Overlooked

The recession has people more interested than ever in their financial well-being, particularly as it relates to their retirement planning. However, one often-overlooked detail in this process can be long term care insurance.

According to recent survey results from the National Foundation for Credit Counseling, 72 percent of adults do not have long term care insurance, despite the financial risk this could expose them to in their retirement years. This is said to amount to about 24 million people nationwide.

Worse, the same survey finds that 65 percent of adults aged 65 and over currently lack such insurance. A total of 33 percent of consumers now say they are saving nothing at all for their retirement at present, illustrating the precarious financial situation many people find themselves in.

In another sign that consumers aren't particularly focused on their financial future, 32 percent of adults report that they have no savings, while only 23 percent are saving more than they did a year ago. With such financial habits, many Americans could be just a step away from major credit problems or other setbacks before they even start to consider the importance of things like long term care insurance.

For more information about securing your future with long term care insurance, visit InsureMe.com today.