What Does Dave Ramsey Say About Long Term Care Insurance? 
In an article by Dave Ramsey published on Nov 13 , 2012 , for FOXBusiness , Dave answers the question , `` Is there a point where you can self-insure for long term care needs without a policy ? '' His advice is that , unless you have $ 20M in liquid assets and have $ 2M to $ 3M to set aside for long term care , go ahead and transfer that risk to a long term care insurance policy that you purchase by age 60 . 