Do You Need Long-Term Care Insurance if You’re Healthy at 54?

By Steve Elliott | August 13, 2024 | Comments Off on Do You Need Long-Term Care Insurance if You’re Healthy at 54?

If you’re like many, you’re around 54 and healthy. You’ve had physicals and blood work, and you take care of yourself, eat right, get exercise, and feel awesome. That’s a wonderful feeling, especially as you move through your 50s, but does that mean it will always remain that way? Should you be contacting long-term care insurance companies to discuss a policy for the possibility of long-term care in the future?

Long-Term Care Insurance Companies Carmel Valley CA - Do You Need Long-Term Care Insurance if You’re Healthy at 54?

Long-Term Care Insurance Companies Carmel Valley CA – Do You Need Long-Term Care Insurance if You’re Healthy at 54?

Maybe you don’t even have any family history of serious health issues. Nobody in your family had Alzheimer’s or any other form of dementia. No one had cancer (until they were well into their 70s or 80s, at least). No one had lung disease, heart disease, or other serious health ailments until they were well advanced in age.

That’s a wonderful starting point, but does that mean you have already finished the race? Of course not. At 54, you may be hoping to have at least another 30, 35, or maybe even 40 great years (or more). And you want those years to be healthy and vibrant.

Tomorrow is never guaranteed for anyone.

That’s the harsh reality we all have to face at some point or another. Even though you may be in great shape, feel wonderful, and have no history of major health issues, you might need some type of long-term care in the future.

Sure, it might not happen this year or next year, or the next five years, but the older you get, the greater the chance you will require some type of long-term care in the future.

When a person is 70 years of age, they have a 50 percent chance of requiring long-term care in the next 5 to 10 years.

That’s why long-term care insurance is so vital.

Too often people assume that how they feel now is how they are going to feel in five, 10, or even 15 or 20 years. Just because you may feel great now at 54 doesn’t mean you’re going to be the epitome of health and vitality at 64. We hope you do, and we hope you are. However, a lot of things can change in just a few years.

How would you and your spouse or partner (if you’re married or in a long-term relationship) pay for long-term care?

That’s the question too many people don’t ask themselves. They simply make assumptions and rest on their laurels and their good health and their good family history of positive health.

Long-term care insurance is designed to help cover unexpected long-term care expenses should they arise. Did you know that you could pay $85,000 a year or more depending on where you live for nursing home care? In some states, it’s over $300,000 for nursing home care for the year.

Would you be able to cover that? Perhaps. Maybe. But will it hurt? Will it put a crimp in your retirement planning? Will it alter the way you and your spouse or partner go through the rest of your retirement years?

Too often that happens and it doesn’t have to. Not when you carry long-term care insurance. So, being that you might be in your early to mid-50s, now is the optimal time to look into long-term care insurance companies for a policy.

If you or a loved one are considering Long-Term Care Insurance Companies in Carmel Valley CA, please get in touch with Steve Elliott at Capstone Insurance for an honest discussion about your future and options. Call today at (858) 350-3161.

Steve Elliott
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