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Money Buzz 04/03

Long-term care insurance; why your state might not be included in the federal estate tax repeal

By Jennifer Pellet

Opinions expressed by Entrepreneur contributors are their own.

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Long-term care insurance, policies that provide benefits ifpurchasers have to move into nursing homes or need home care, usedto be associated with the elderly. But providers have begunmarketing long-term care insurance to younger men and women.MassMutual has even teamed with the U.S. Chamber of Commerce tooffer long-term care insurance to small-business owners. Butinsurance analysts say such insurance is an unwise investment forentrepreneurs in their 30s and 40s.

"At that time in your life, you're worried about lostincome from missed work, and missed work would be covered bydisability insurance," says Patrick Brady, executive directorof Citizensfor Long Term Care, an organization representing all segmentsof the long-term care debate.

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