What is your plan to protect your assets and your family’s sanity should you or a family member ever need long-term care?
According to the Congressional Budget Office, over 70% of Americans who live to be age 65 will require long-term care assistance at some point in their lives.
Most People Say . . .“IT’LL NEVER HAPPEN TO ME!” But what if it does?
Whether care might be required due to a serious illness, accident, or disability, or simply as part of the normal aging process, the potential need for long term care and the ability to cover the costs, is a risk that everyone should consider.
Understand the cost of care
The cost of care is an important consideration in long term care planning. Today, the average cost for one year of nursing home care is approximately $76,000, but the reality is that the majority of people currrently in nursing homes could be adequately cared for at home. And the average cost per person for in home care is $11,000.
The rising cost of care
Based on historical inflation, the cost of care in 20 or 30 years could easily be $150,000 to $250,000 – an expense that could jeopardize a lifetime of planning and savings.
By purchasing a long term care insurance policy today – with proper inflation protection – you can feel confident that you’ve taken appropriate steps to help protect your retirement assets and maintain control over where you receive care.
Your age and health matter
The cost of LTC insurance typically is based on the size of your policy and your age and health when you apply.
Health issues aside, a LTC insurance policy for a 50-year-old is less expensive than the same policy for a 60-year-old.
If you are healthy today and delay your purchase, a future change in health status may disqualify you for a health discount, or disqualify you completely.
Our LTC Business Alliance with Newman Long Term Care
Every day we see individuals who never thought they would need long term care, but now see their retirement funds evaporating, being spent in ways they never anticipated. Many also see the toll that caregiving responsibilities take on their family members.
Susan and Ron saw their parents’ assets totally drained to pay for their long-term care. For their sake, we wish someone had urged them to plan ahead.
Because one of our goals is to help educate families and urge them to plan for the real possibility that a family member may need long term care, we have chosen to form an alliance with Newman Long Term Care.
The Newman agency is one of the largest and most experienced agencies in the country – they are licensed in 49 states, but based in Bloomington. They have earned a reputation as extremely knowledgable, respected, and trusted professionals and they only do Long Term Care Insurance.
Our purpose and plea to you is personal and simple. We are passionate about wanting you to educate yourself about LTC protection. Investigate it. Read about it. Find an agent who specializes in it. Ask questions about it.
If you don’t know who to ask, we invite you to contact us and we will have a representative contact you to answer your questions. Please do it for yourself, and your family.
