Is Long-Term Care Insurance an Important Topic to Discuss with Family?
How much of your future planning do you discuss with other family members? You probably discuss these things with your spouse, but what about a brother or sister, elderly parents, or even adult children?
Most people don’t discuss some of the most intimate and personal financial matters with anyone other than a spouse.
Let’s, for the sake of argument, discuss long-term care insurance from the perspective of your spouse.
Long-Term Care Insurance Quote Rancho Bernando CA – Is Long-Term Care Insurance an Important Topic to Discuss with Family?
Do you talk about your retirement? Do you discuss savings? Do you have a plan about things you want to do in the future? If you do, you probably discuss many aspects of retirement, including your retirement portfolio and savings accounts.
You should also discuss long-term care insurance.
It’s just as important as retirement. That’s because in the event you or your spouse are injured in an accident, have a health emergency that requires a hospitalization, or requires major surgery at some point in the future, you will have to face a specific length of time for recovery.
That recovery may take months. In some cases, it can even take years. That’s going to be a lot of pressure to place on your spouse and other family members if they’re going to provide physical support for you.
Long-term care insurance can help pay for home care, nursing home care, assisted living, and some other elder care options.
Do you discuss life insurance?
Most couples do, especially as they get older. They discuss various life insurance policies, monthly policy costs, terms of the policy, and more. You discuss life insurance because you want to protect your loved ones in the event something happens to you. Eventually, though, everyone will pass away, and as long as you keep that life insurance policy current, there will be some benefit.
Since you talk about life insurance, you need to talk about long-term care insurance. You may not face a situation where long-term care is needed, but the older you get, the greater the chances will be that this can save your savings and retirement portfolio.
Why wouldn’t you discuss it?
Are there any specific reasons why you and your spouse don’t discuss long-term care insurance? Do not know about it? Do you think it’s not that necessary? Do you see it as an unnecessary expense that could be better served to building up your portfolio?
You pay for auto insurance, right? While that is a requirement for anyone who has a registered vehicle, you would probably still carry auto insurance to protect yourself. Why wouldn’t you protect yourself in the event you or someone you love requires long-term care? It’s worth looking into and getting a quote.
If you or a loved-one are considering a Long-Term Care Insurance Quote in Rancho Bernando 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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