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Dave Ramsey and Long Term Care Insurance

September 19th, 2007 · 3 Comments

Dave Ramsey
Dave Ramsey of the Lampo group is a nationally syndicated radio talk show host. He says he was worth a quarter of a million when he was 26, then lost it all in a couple of years due to bad financial decisions and due to paying too much “stupid” tax. He has since got back on his feet and his radio show features nuggets of wisdom for us – those without an MBA in Finance. You can see his free videos at YouTube and read of him from time to time on consumer-oriented blogs. Needless to say, his radio show is very interesting, and he has a cheerful, optimistic voice. The other day, on his show, he was answering a question about long term care insurance agent issues.

Dave Ramsey suggests long term care insurance for people who expect to live beyond the age of 65, and expect to need long term care – which can turn very expensive very fast. Specifically, Dave suggested that if rates where under $1,200 it would be a good investment. Now to find something good, you will need to go shopping for quotes for long term care insurance policies. The site I mentioned above seems to enable just that, and hey, they know of Dave Ramsey :) I was surprised to find that article I linked to when I searched for Dave’s advice.