In the past, you may not have known about long-term care insurance, but now you do. Whether you’re in your 40’s, 50’s, or 60’s, you should no longer ignore it. It’s not quite the same as life insurance, and certainly not required as automobile insurance is if you own a vehicle and it’s registered on the roads in America. However, long-term care insurance could be one of the most important decisions you and your family make for helping to protect the money you’ve worked so hard to earn all these years.
One of the main reasons people ignore long-term care insurance:
We can wax poetic about all the different excuses people have used through the years to avoid paying the premiums for a long-term care insurance policy, but the main reason comes down to this: they don’t think it’s ever going to be necessary.
When you look into a life insurance policy, you are quite aware of your own mortality. You know someday you’ll die. You want to make sure your family is taken care of as best they can be during the weeks, months, and possibly years following that moment.
Most people don’t actually believe they’ll need long-term care.
They see themselves as strong, young enough, healthy enough, and have no pre-existing conditions to speak of at the time. That’s a wonderful place to be, but things can change very quickly. Every single year there are millions of automobile accidents. On top of that there are slip and fall accidents that number in the millions. There are other types of accidents as well.
In almost every single one of those accidents the people who are injured are the ones who never saw it coming. But that’s only one small component of risk that can lead us to require long-term care.
Imagine you turn 70, having just retired two years earlier, and suffer a stroke. You didn’t expect that, but now your spouse, somebody who has been at your side for more than 30, 40, or 50 years is suddenly your full-time caregiver. At 69 herself or himself, that can be quite the physical, emotional, and mental burden. You want other options, but that will completely deplete your retirement savings and investment portfolio.
If you have a quality long-term care insurance policy:
This is why excuses need to be set aside. You need to seriously consider long-term care insurance. If you have a retirement portfolio, retirement savings, and other assets you want to protect for yourself and/or your family in the future, make sure you have a policy that can provide relief if long-term care is required.
If you or a loved-one are considering Long-Term Care Insurance Premiums in Oceanside 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