Great Financial Planning without Long-Term Care Insurance Is Risky
We often hear about the importance of saving for retirement. Financial planners and advisors are often diligent in encouraging clients to invest wisely, save prudently, and focus on their long-term future goals. Unfortunately, not enough people are being told about the value and benefit (even the importance) of long-term care insurance.
Long-Term Care Insurance Quote Oceanside CA – Great Financial Planning without Long-Term Care Insurance Is Risky
You could have an incredible retirement savings portfolio with diversity, great returns on your investments, and have an exceptional plan so you can retire at 65 or 67 or whatever age you want, but if you don’t include long-term care insurance in your plans, you could be setting yourself up for a serious problem.
Why consider long-term care insurance?
Most people don’t think they will ever require any type of long-term care. They don’t think about it. It’s not something that passes through the forefront of their thoughts, even when or if an aging parent or grandparent has required this level of care.
We don’t think about it because we don’t want to. Who wants to imagine being in a bed most days, having family, friends, or trained medical professionals looking after them almost every moment of the day?
None of us do. Yet, when you look at the stats, if a person reaches 80 years of age, they have a greater than 50 percent chance of requiring some type of long-term care by that time in their life. The older they are, the greater the risk.
What does this mean to your retirement planning?
Is it really going to affect you if you or your spouse or other dependent requires long-term care in your 80’s? Ask yourself this question instead: could you afford $100,000, $200,000, $300,000 or more in long-term care expenses … each year?
The numbers can be staggering and when you consider that nursing home care in Alaska, for example, exceeds $300,000 each year, you can start to realize the value of long-term care insurance.
Is it too early or too late to get this type of insurance?
It’s never too early, but you could reach an age when it’s too late to get long-term care insurance. Depending on your age, health, family history, and other factors, you could find yourself struggling just to get any type of long-term care insurance policy when you’re in your 60’s or fast approaching 70.
The best time to consider getting a long-term care insurance quote is in your early to mid 50’s. If you’re planning for retirement and saving diligently, you simply can’t afford to overlook the value of long-term care insurance.
If you or a loved-one are considering a Long-Term Care Insurance Quote 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
- Strategies to Employ to Afford Long-Term Care Insurance - April 23, 2024
- Digging Down to the Root of Long-Term Care Insurance - April 15, 2024
- Discover the Reason Long-Term Care Insurance Is So Important - April 10, 2024