WHAT IS LONG TERM CARE INSURANCE?

LONG-TERM CARE INSURANCE helps pay for the care you want when you can’t care for yourself. It can protect your family’s investments and savings.

WHY LONG TERM CARE PLANNING IS IMPORTANT TO YOU

1. STAY AT HOME

If you are like most of us, staying at home is important. Whether you simply need help with everyday activities like cooking, shopping, help with routine activities of daily living like bathing or cleaning, long term care insurance can allow you to stay at home and get the care you need.

2. PROTECT YOUR RETIREMENT SAVINGS

The cost of long term care is very expensive and paying for care out of pocket can take away your entire nest egg. Long term care insurance can help to provide the means necessary to help pay for your care and allow you to spend your savings the way you want.

3. DON’T BURDEN YOUR CHILDREN

Most of us have loved ones to help take care of us, but when it comes to providing care for you, your children already have their own work or family obligations. Long term care policy can allow you to get the care you need without the burden of having your family do it for you.

4. I KNOW OTHERS WHO DIDN’T HAVE LTD AND IT WASN’T PRETTY

You may know of someone who needed care and did not have long term care insurance to pay for the costs. If you are like most others, knowing the financial toll of the very high cost of healthcare is enough to make you certain, to have a coverage “just in case.”

5. LEAVE AN INHERITANCE MY FAMILY

You worked all your life to save and you would like to see it get passed down to your family. But if you need care, Medicaid will require that you spend down your assets before it will pay for your care. Long term care insurance can allow you to leave your inheritance to your family.

AND THE BIGGEST REASON THEY DON’T…PEOPLE PROCRASTINATE

We all are getting older, yet we feel as if we have some time on your side. Many people put long term care planning on the back burner figuring they can get started another day. Unfortunately, long term care insurance can only be purchased when you are relatively healthy. Don’t wait because your health will deteriorate and coverage will not be available when you need it most.

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