As we move through January, it remains Financial Wellness Month. The sad reality is that the majority of full-time working Americans are struggling to get through each week. In fact, according to some statistics, 78 percent of full-time working Americans are living paycheck to paycheck (CNBC). Financial health may not be a topic people want to talk about, but it’s an everyday reality. It’s also why long-term care insurance is such an important topic to discuss now.
What is long-term care insurance?
Basically, it is insurance that may provide financial support in the event the policyholder and/or dependents of that policyholder require some type of long-term care. There are many different types of long-term care, including home care support, assisted living, nursing home care, and so forth.
Many people, when they’re younger, stronger, and healthier, can’t envision the possibility they would ever require this type of long-term care. They might think about it as some distant event and, therefore, only have to contemplate long-term care insurance later, when they reach their 60’s or so, but the cost of a policy will increase the older a person is when they start.
Also, accidents and medical emergencies can happen tomorrow.
Yes, they can happen today, but the point is most people never think they could have a heart attack in their 40’s, become involved in a serious accident in their 50’s, or have a stroke in their early 60’s. All those things can and do happen each and every day.
For those men and women as well as their families, when those events occur, the financial burden it places on everyone can be astronomical. It can be enough to drive people into bankruptcy, to lose their homes, and be driven into poverty.
Now is the time for long-term care insurance.
The longer you wait, the more you put your financial wellness and health at risk. You expose yourself and/or your family to potential financial devastation in the event something happens to you, your spouse, or somebody else in the family.
More people are forgoing life insurance as they struggle to live paycheck to paycheck, and the thought of a long-term care insurance policy becomes a distant idea driven deeper and deeper into the stress of everyday life.
More and more people are depending on long-term care as they get older. If you wait too long, a policy may not be as affordable or available due to age and other factors. Now is the right time to take control of your financial life, get a quote and choose a long-term care insurance policy.
If you or a loved-one are considering Long-Term Care Insurance Quote in Rancho Penasquitos 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
Latest posts by Steve Elliott (see all)
- Demand for Long-Term Care Is Increasing, Which Is Why More People Are Looking into Insurance - July 15, 2019
- If There’s an Elevated Risk of Dementia in Your Family, Long-Term Care Insurance Might Be Even More Valuable - July 8, 2019
- Insuring Against the Possibility Long-Term Care Is Necessary for Your Future - July 1, 2019