Have You Ever Thought of What Would You Do If You Need Long-Term Care in the Future?
Do you ever think about the future and wonder what might go wrong? Some people do. A lot of people don’t. That’s because most of us don’t really want to think about those worst-case scenarios. Yet, if we aren’t contemplating the possibility some bad things might happen to us, we are probably not properly insuring ourselves and our family. That goes for long-term care as well as anything else.
Long-Term Care Insurance Cost Carlsbad CA – Have You Ever Thought of What Would You Do If You Need Long-Term Care in the Future?
Long-term care insurance is a valuable asset for people in their mid-to-late 50’s, but the sooner you start a policy, the more cost-effective it can be. The thing is, most people don’t think they will ever require long-term care.
We have a tendency to live in a sort of bubble.
This bubble involves an idea that nothing bad is going to happen to us. Until it does. When we were teenagers, we couldn’t even fathom the idea of life ending for us too soon.
Yet, as we move through our 30’s, 40’s, and 50’s, we start to face increasing risks of health issues. We might worry more, pay closer attention to the things we eat or get exercise more diligently.
Still, even though we start taking better care of ourselves, we don’t think long-term care will be necessary. Let’s say, for example, it does. Perhaps 10 years from now you suffer a stroke or major heart attack. Or perhaps you’re involved in an automobile accident that leaves you in a coma for several weeks and then trying to recover with physical therapy for months.
How will you pay for that long-term care?
Most people incorrectly assume their insurance coverage is enough.
Most health insurance providers don’t cover long-term care expenses. If you think Medicare or Medicaid is going to kick in once you’re over 67, think again. This federal health coverage is only going to start covering long-term care expenses after you use up all your available assets.
That could include the equity in your home. Now, how would you pay for long-term care? This is a clear reason why it’s so important to think about those worst-case scenarios in the future.
Don’t fall victim to assuming everything will be covered and everything will be all right. You may never need long-term care, it’s true. But, the older you are, the more likely you will require some type of long-term care in the future.
It’s nice to have insurance that will cover those long-term care costs when that time comes.
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.
I work with all the major insurance companies and my objective is to help my clients determine if long term care protection makes sense for them and if so, to help them shop the market to find the best company at the best rate
I specialize in Traditional Long Term Care Insurance as well as Hybrid Long Term Care Plans which are either a combination of Life Insurance and Long Term Care or an Annuity Plan with Long Term Care
I’ve been specializing exclusively in Long-Term Care Insurance Planning for over 21 years.
Steve was recognized as a 2003 Long Term Care Expert of the Year at The National Long Term Care Producers Summit
2006 was awarded Senior Market Advisor of the Year Finalist by Senior Market Advisor Magazine
National Speaker for Numerous Industry Meetings
Awarded Nations Top 10 Agent 8 times by the American Association of Long Term Care Insurance
Author of numerous published articles on long term care planning
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