Minimum assets needed to purchase a Long Term Care Policy

Do we have enough to protect?  This question is often asked when trying to decide if buying a Long Term Care Insurance Policy is worth it or not.  This is really an individual decision and many financial planners differ in their view.  A common point of view is that you need at least $250,000 in liquid assets beside your home.  If you have $5 Million liquid, then you may be in a position to self insure.

I read a great explanation of this at Boom Tip.  This post quotes Gerri Wills of CNN money.com on this exact subject.  You can check out this post at Boom Tip.