It may be just denial or just a failure to plan for something that we just don't want to think about.
This something (needing help with the activities of daily living) statistically has a 60% chance of utilizing in our lifetime.
If you aren't 50 years old you probably haven't given this type of planning any thought.
If you're 50 or above and a planner or are in the midst of helping a parent with their activities of daily living, then maybe this has crossed your mind.
There are many misconceptions in what long-term care insurance is and what it does for you and your family.
It is like so many other insurances people buy for homes and automobiles.
Long-term care insurance protects your family, your assets, your dignity and your ability to make your own decision on where and how care will be given when the time comes.
It is a fact that people are living longer today.
Advances in medicine today, prolong lives as well as people are more conscious about their health.
The baby boomers of yesterday are quickly becoming the seniors of today.
The large numbers of boomers and with their expected longevity, there will be a serious need for medical, home and nursing care.
Are you prepared to pay $6,000 to $8,000 a month for nursing home, maybe $500 a month for assisted-living or even $500 a month for home care? Medicare does not pay for prolonged care.
It does pay for some care if the patient is improving and getting better, but not for long-term care.
It is important to become better educated on what long-term care is.
It is not just nursing home insurance as it was once thought to be.
Clients receiving benefit from their long-term care insurance policies may be living in their own homes.
They may still enjoy the theatre, family dinners and outings.
Just because they are receiving care does not mean that they can no longer enjoy many of the activities that they used to do.
Denial and just plain "I don't want to think about" or even thinking that "it's not going to happen to me" gets people into trouble.
It is the delay and ignorance that has people failing to plan.
Long-term care financing and planning is unique to every individual and family.
There are many different products that may be a better fit depending upon the individual's situation.
Put long-term care planning as a priority.
The younger and healthier you are, the better your rate will be.
There is a misconception that you can buy long-term care insurance anytime you want.
This is just not true.
It is all based on your age and your current health status.
Long-term health insurance should be discussed, and the sooner the better.
When doing your research and becoming educated on this topic make sure that you are consulting with an independent broker who represents all the top carriers.
Given the fact that studies point out that most people today will expect to live longer, it really is about time for one to consider having long-term health care insurance.
Having such a policy will provide you with a good deal of independence, and it can also help free other members of your family from being financially burdened, and also provide relief from emotional strain.
This something (needing help with the activities of daily living) statistically has a 60% chance of utilizing in our lifetime.
If you aren't 50 years old you probably haven't given this type of planning any thought.
If you're 50 or above and a planner or are in the midst of helping a parent with their activities of daily living, then maybe this has crossed your mind.
There are many misconceptions in what long-term care insurance is and what it does for you and your family.
It is like so many other insurances people buy for homes and automobiles.
Long-term care insurance protects your family, your assets, your dignity and your ability to make your own decision on where and how care will be given when the time comes.
It is a fact that people are living longer today.
Advances in medicine today, prolong lives as well as people are more conscious about their health.
The baby boomers of yesterday are quickly becoming the seniors of today.
The large numbers of boomers and with their expected longevity, there will be a serious need for medical, home and nursing care.
Are you prepared to pay $6,000 to $8,000 a month for nursing home, maybe $500 a month for assisted-living or even $500 a month for home care? Medicare does not pay for prolonged care.
It does pay for some care if the patient is improving and getting better, but not for long-term care.
It is important to become better educated on what long-term care is.
It is not just nursing home insurance as it was once thought to be.
Clients receiving benefit from their long-term care insurance policies may be living in their own homes.
They may still enjoy the theatre, family dinners and outings.
Just because they are receiving care does not mean that they can no longer enjoy many of the activities that they used to do.
Denial and just plain "I don't want to think about" or even thinking that "it's not going to happen to me" gets people into trouble.
It is the delay and ignorance that has people failing to plan.
Long-term care financing and planning is unique to every individual and family.
There are many different products that may be a better fit depending upon the individual's situation.
Put long-term care planning as a priority.
The younger and healthier you are, the better your rate will be.
There is a misconception that you can buy long-term care insurance anytime you want.
This is just not true.
It is all based on your age and your current health status.
Long-term health insurance should be discussed, and the sooner the better.
When doing your research and becoming educated on this topic make sure that you are consulting with an independent broker who represents all the top carriers.
Given the fact that studies point out that most people today will expect to live longer, it really is about time for one to consider having long-term health care insurance.
Having such a policy will provide you with a good deal of independence, and it can also help free other members of your family from being financially burdened, and also provide relief from emotional strain.
Source...