3 Signs You’d Do Well to Consider Long-Term Care Insurance
Long-Term Care Insurance Quote Del Mar CA
When was the last time you bothered to think about various types of insurance? Insurance is a topic most people don’t want to think about at all, let alone insurance they never considered in the past.
Life insurance is one of those things people have a tendency to neglect until they reach their mid-40s or get into their 50s and 60s. By that point in time, the policy will likely be a lot more expensive than it would have been if the individual began it in their 30s.
Long-term care insurance, though, is not a popular topic to discuss. That’s not because it’s unimportant, but because it isn’t glamorous and there is very little marketing behind the idea. However, carrying decent long-term care insurance has the potential to save people tens of thousands or hundreds of thousands of dollars when you consider the cost of various types of long-term care, from assisted living to nursing homes, from home care support to other independent living environments.
Here are three signs that could very well indicate you should consider long-term care insurance, either for yourself or a family member.
Sign #1: You’re not wealthy.
If you don’t have a lot of wealth and your retirement portfolio doesn’t look as impressive as you’d like it to, and perhaps retirement is only 10 years or so away, then it’s time to consider long-term care insurance.
Imagine you were 66 years old and were suddenly diagnosed with Alzheimer’s disease. That would be devastating, but as the disease progresses, it could place enormous pressure on your family, including your spouse and possibly adult children. Eventually, they will hire home care support or consider nursing home care, which will cost dearly. It could potentially wipe out everything you spent your entire life saving for.
Sign #2: You have a family history of health issues with age.
If your father, mother, grandparents, and other elderly family members dealt with significant health issues as they got older, odds are you will to. If that’s the case, you would do well to consider long-term care insurance.
Sign #3: You’re approaching retirement age.
If you’re well on your way to closing in on retirement, your health will be an issue, whether it’s in your 60s or 70s or later.
The longer people live, the more likely they’ll require some type of long-term care in the future.
If you recognize any of these signs with you, it’s time to seriously consider gettin a long-term care insurance quote.
If you or a loved-one are considering a Long-Term Care Insurance Quote in Del Mar 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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