More and more financial professionals are recommending the purchase of long-term care insurance. In fact, I regularly speak with prospective clients who are looking into the possibility of buying long-term care insurance coverage mainly because their financial planner or elder law attorney specifically advised them to do so.

The real question is “Do these same professionals follow their own advice?”

Here is an article that indicates that they do:

“When advising clients about how to plan for the possibility of needing long-term care, elder law attorneys generally put long-term care insurance (LTCI) at or near the top of the list of planning strategies, provided the clients can afford the coverage and are insurable. But are elder law attorneys walking the walk for themselves and their families as well as talking the talk to their clients?

For the most part, yes, according to a recent ElderLawAnswers survey. In the survey, 58 percent of responding elder law attorneys said they have LTCI. Another 10 percent said they are planning on buying it but haven’t gotten around to it yet and about 8 percent lack coverage because they are uninsurable.”

You can read the rest of the article here.