First Time Millionaires Should Have Long-Term Care Insurance. You might be closer to being a millionaire than you think!
A million dollars is not what is used to be but more people are getting to their first million. As more people invest in their employer’s 401(k) and other retirement programs their savings are growing. You add the money in retirement plans plus current savings and investments and the value of a home more people just like you will soon (or may already be) a millionaire!
The financial costs and burdens of aging will impact you, your family, your savings and your lifestyle. When you add up the value of your 401(k) and other savings, plus the value of your home, you might at some point become a millionaire but that doesn’t mean you have the ability to pay for the high costs of long-term care. Even if you are a multi-millionaire, do you want to sell off assets and use your own money to pay for care? Who would manage that and would they make the right decisions? How would that impact your spouse’s lifestyle. Would it impact your adult children and their family?
This is why affordable Long-Term Care Insurance should be part of your retirement plan. Most people want to manage a Long-Term Care situation without becoming dependent on their adult children or spouse. Generally, spouses are not the best caregivers because of their own age and health. Adult children have their own careers and family responsibilities.
Since the premiums are very affordable, especially when you purchase a plan before you retire, a Long-Term Care policy will safeguard your assets and ease the tremendous burdens that are placed on your family.
With advances in medical science we are all living longer. Longevity is a risk for long-term care not to mention illnesses and accidents which also cause the need for help with activities of daily living — or supervision due to memory issues.
Why not discover how easy and affordable LTC Insurance can be … read the full article from LTC News here: https://www.ltcnews.com/articles/first-time-millionaires-should-have-long-term-care-insurance
Then act now and get FREE Quotes from all the top companies: https://mccannltc.net/quote
Do you know the available tax incentives and the cost of care in your area? Learn that here: https://mccannltc.net/resources/state-information
Watch this video from me and I look forward to speaking with you soon: https://www.youtube.com/watch?v=rk3JR-A9rKk