3 Reasons People Neglect to Consider Long-Term Care Insurance

By Steve Elliott | July 26, 2016 | Comments Off on 3 Reasons People Neglect to Consider Long-Term Care Insurance

Long-Term Care Insurance Cost Carlsbad CA

Long-Term Care Insurance Cost Carlsbad CA

There are so many expenses in life that many people don’t want to even think about the prospect of voluntarily spending more. When it comes to insurance, there are often a number of requirements people need to consider, especially automobile insurance, homeowner’s insurance, and even business insurance. One thing that commonly gets overlooked, though, is long-term care insurance.

There’s plenty of information available on the Internet about the importance of life insurance, planning for retirement, and putting away savings for those Golden Years, but even with all of that access to information, few people even consider carrying long-term care insurance.

Why would that be?

Below are three reasons some people might neglect to even consider the prospect of purchasing long-term care insurance.

  1. Cost.

The cost of long-term care insurance can actually be quite high, especially when people begin shopping around for it later in life. It’s similar to life insurance whereas a person will have to pay more every month for life insurance the older they are or when they are dealing with increased health issues.

When the prospect increases that someone might need long-term care, the cost of insurance against that is going to increase as well.

  1. It’s not something they really want to think about.

When planning for retirement or those Golden Years, people think about traveling, seeing the world, enjoying their grandchildren and great-grandchildren, and the last thing they want to think about is how their health may decline and that it will become more difficult for them to do certain things around the house.

When people don’t want to think about those issues, they’re certainly not going to be thinking about long-term care insurance.

  1. They assume they’ll be okay and be able to afford it.

People simply assume they’ll be able to take care of themselves well enough for most of the rest of their life. If they reach a point in their late 70s, 80s, or 90s where caring for themselves becomes problematic, they might not even think beyond those points in time.

They also may simply assume they’ll be able to pay for a home care aide or other senior care options without a problem.

As the cost of health care continues to increase, the cost of nursing home care, assisted living, and other senior care options also increase. There’s no real legitimate reason to neglect long-term care insurance; it can be the difference between enjoying those Golden Years and struggling each and every day.

If you or a loved-one are considering Long-Term Care Insurance Cost in Carlsbad CA, please contact Steve Elliott at Capstone Insurance for an honest discussion about your future and your options. Call today (858) 350-3161.

Steve Elliott
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