Direct: 503-998-5902 | Office: 360-882-9996 | Fax: 360-882-9997 | Email: email@example.com
Licensed in multiple states
Guide to Long-Term Care Planning
Due in part to advances in health and medical science, the average life expectancy in the United States is 78.5 years. The fact of the matter is the longer you live, the more likely you are to require long-term care. With the cost of care increasing every year, it is important to recognize the potential risk to your savings and investments if left to pay for long-term care out-of-pocket. By including Long-Term Care Insurance as a part of your financial planning, you will not only protect your assets, but more importantly, your family and your future. How?
Women live longer than men.
As a result, they are more likely to reach an age where they will be without their spouse and/or require
Caring for a family member, while a loving gesture, takes an emotional, physical, and often financial toll on the one providing the care. Long-Term Care Insurance allows family members to hire professionals to provide your care in the setting you choose, including staying in your home. This preserves the dignity of the one receiving care and relieves stress for loved ones. Depending on the setting of care, costs can quickly add up. A Long-Term Care policy transfers the risk to the insurance carrier, thus maintaining retirement income or assets and protecting inheritances.
Nobody likes to think about needing help bathing or feeding themselves, so many often put off planning for a long-term care scenario. However, waiting to buy Long-Term Care Insurance can be costly.
Since the premium is often determined by age and health conditions, the older you are when you apply, the more it could cost. The longer you wait to apply, the greater the likelihood of health issues arising that could limit your plan options, increase policy premiums, or even disqualify you for coverage all together. By purchasing Long-Term Care Insurance sooner rather than later, it can help you to maintain your independence and stay in control of your life and money should the need for long-term care arise.
You will never be younger than you are today, so now is the time act! Long-Term Care Insurance Policies can be customized to fit your needs and not all policies are equal. It is important to understand the different options and benefits available to meet your needs. Schedule an appointment with Mary and together you will design a policy based on your specific situation and budget.
*Information taken from American Association for Long-Term Care Insurance 2010-2012 Sourcebooks