Parents should really consider taking out long term care insurance because you never know what situation you are going to be in. I'm in that situation now, and I didn't think I was going to be. Once that happened to me, I'm taking care of my mom, I took out long term care insurance because I didn't want my daughter to have to experience what I did. We had to find finances to take care of my mom. Now, if anything ever happened to me, my daughter needed to put me in a home or anything like that, she now has the finances to take care of me. Now, with older parents, the opportunity might be available for them to have to be in a home. You definitely should consider taking in long term care insurance. It's much more affordable when you are younger, as well.