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Ask Dave

Use an insurance broker

Julie's mom is older, and she has some mental issues. Julie asks Dave if it's too late for long-term care insurance, and Dave advises her to talk to an insurance broker.

QUESTION: Julie’s mom is 73 years old, and she’s dealing with depression and a few other mental issues. Julie asks Dave if it’s too late for her mom to get long-term care insurance.

ANSWER: Not if she’s healthy. You can go to and click on ELP for long-term care insurance. There, you can find the person in your area who we endorse for that kind of thing. Given her age and other struggles, they should be able to tell you whether or not they can find a company that will carry her. In the insurance world they call it “make a market.” Will they be able to find a company that will write her in that situation? I don’t know off the top of my head.

It’s a difficult thing. Is it completely impossible? I don’t know. It would probably depend on the extent of her depression, how long it’s been manifested, and what it has done in her life. I wish I could give you a solid answer, but I’m going to advise you to sit with an insurance broker to help with things.

That’s one of the reasons you want to go with a broker when you’re dealing with insurance. A broker doesn’t represent just one company; they represent several companies. They can shop around in a given situation and find someone to write something you might not get written otherwise. They can also shop around for the best possible price, and you get the efficiencies of the marketplace working for you.