As you know, your hard earned savings tend to not only increase in value but, from time to time, they drop in value and sometimes that drop makes your stomach hurt.
While over time your investments do recover these sudden drops in market value can impact those who plan on self-insuring the costs of Long Term Health Care. If your need for care happens at a time of a market crash you will be forced to sell your investments at a loss but your loss could still be a taxable gain. Not only are you locking in your loss but you still are using your own money and forcing your loved ones to deal the financial costs and burdens of aging.
Affordable Long Term Care Insurance gives you the peace-of-mind knowing that money for quality caregivers will always be there so you are not forced to ‘sell at a loss’ and use your own money … impacting lifestyle and creating a burden on your family.
Some people don’t like to pay for insurance premiums. They think they can self-insure and use their own money. Many times this is because they think a Long Term Care event will not happen. People require Long Term Health Care due to illnesses, accidents and the impact of aging. As the advances in medical science continue to allow us to live longer and survive these events the amount of people who require help with ‘activities of daily living’ or require supervision due to memory issues increase.
The US Department of Health and Human Services says if you reach the age of 65 you will have a 70% chance of needing some LTC service before you pass. The financial costs and burdens of aging is real and the physical, emotional and financial burdens that LTC places on family is something you need to plan for ahead of time.
Affordable Long Term Care Insurance can provide not only money (which grows every year at a set rate) but case management, provider discounts and other services to make aging issues much easier on loved ones.
If you get a plan in place when you are younger the premiums are even more affordable. The policies can never be canceled as long as you pay premiums. Premiums are intended to remain level and a number of companies have never raised premiums although it could happen but only for a class of people as approved by your state department of insurance.
Plus, most states have partnership plans which provide additional dollar-for-dollar asset protection if you have a partnership LTC policy in place.
Find out now how easy it is to make LTC insurance part of your future retirement plan.
Get your free quotes and learn your options. For FREE QUOTES: www.quoteonltc.com
Visit the Matt McCann website for information on LTC Planning: http://mccannltc.net/
LTC Planning News is an outstanding resource I use for articles, links, videos and more on LTC Planning: http://longtermcareplanningnews.com/
The US Department of Health & Human Services LTC site: http://longtermcare.gov/
The American Association for Long Term Care Insurance (AALTCI): www.aaltci.org
Don’t just let things happen and place the burden of caregiving on your spouse or adult children. That doesn’t work. Nor should you risk your hard earned assets. LTC insurance is affordable and easy … let me help you discover how easy it can be!