Long term care is the care that elderly receive near the end stages of life. Long term care may not be medically necessary, but it is necessary for the comfort and dignity of us as we age. Most know that long term care is expensive. Because the chances of needing care are so high, therefore, the cost of long term care insurance is quite high. I’ll give you a few examples. A healthy couple in their mid fifties will expect to pay between $2,000 and $4,000 annually for their long term care insurance costs. Compare that to the return you may recieve when investing and you can quickly see why many people want to rely on the government. However, we think it is worth pointing out that universal long term care is a fallacy and should not be relied on for your future. You will very much regret relying on the government.