LONG TERM CARE INSURANCE
How you spend your "someday" is up to you. Protect someday with long-term care insurance today. Recent statistics show that your chance of needing long term care is around 70%.
Seven reasons people own long-term care insurance, and one reason they don't.
1. "I know I'm getting older and I want to be prepared".
You want to maintain your independence as long as possible. You don't want to rely on your kids. And you certainly don't want to spend your life savings on home health care, assisted living, or nursing home services.
2. "I want to stay at home".
A long-term care policy can allow you to receive the care you need in the comfort of your own home. It is not just nursing home care.
3. "I've seen what happens to people who don't have long-term care insurance".
If you are like most people, watching someone you know and love struggle financially and seeing the physical and emotional toll it can take on them and their families is enough.
4. "I don't want my children to have to interrupt their lives to take care of me".
Your children love and care for you, but can they stop everything they're doing to take care of you 24 hours a day? Your spouse may not be physically able to care for you either.
5. "I don't want to spend my life savings on long-term care services".
Medicare does not pay for long-term care. Your lifetime of savings can quickly be depleted paying for long-term care. A Long-Term Care policy may allow you to spend your life savings the way you want.
6. "I want to leave an inheritance for my kids".
Most people would like to leave something for their children. But if your plan is to let Medicaid pay your nursing home costs you need to realize you'll have to "spend down" your assets in order to meet state and federal eligibility guidelines. IN ADDITION ▬ the state will probably place a lien on your home after you pass, putting your children in a hard position if they want to save the family home.
7. "I know it's the smart thing to do".
Long-Term Care insurance help;s give you peace of mind knowing you'll have money to help pay the bills if something happens.
The one reason people don't have long-term care insurance?
1. They think it's more expensive than it really is!
If you're concerned about being financially secure during your retirement years, you owe it to yourself and your loved ones to protect yourself against what could be the greatest threat to your financial security, the cost of long-term care. For more information or to get a quote: