Why are there no long term care insurance policies to fit my needs?
Actually most long-term care insurance policies sold today do provide funds for care that may result from cognitive issues like Alzheimer's, dementia, and senility when it reaches the point that supervision is required.
Most policies require that the severity of a cognitive issue be determined by a "licensed healthcare practitioner" who certifies that in their professional opinion long-term care services for such cognitive issues will be needed for at least 90 days.
Long-term care insurance for memory loss in it's early stages is not usually provided because there is no need for actual supervision or care at that point.
But when a policyholder's cognitive issues reach the point where someone is needed to assist, a long-term care insurance policy that covers this kind of care will be most appreciated as the cost of such care can be very expensive.
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