For a very long time, chief among the essentials of retirement planning and saving was Long Term Care Insurance. Most insurance and retirement specialists today feel that the premiums have gotten so high that it may not be the most cost effective way to fund care for the elderly. Certainly there are other insurance and annuity products that may fit the bill for that important need. You should consult your insurance provider or financial planner to explore those options. One little known feature of the HECM loan can play a big part in the peace of mind that comes from a secure retirement that allows for long term care. I bet you’ve never considered it. Very few know about it. Read about it here.