4 Facts About Long-Term Care Insurance You Need to Know About Right Now
Long-Term Care Insurance Companies Encinitas CA
November is National Long-Term Care Awareness Month and there are millions of Americans right now relying on some type of long-term care. The vast majority actually lean on family members for their care. It could be a disabled adult being taken care of by his or her spouse, brother or sister, parent, or other family member. It could be an elderly individual relying on support from an adult child, friends, or other family members.
After a while, the stress and pressure of being a long-term caregiver can take its toll. Not only can it impact the relationship, it can also affect the quality of care that person receives.
The best thing anyone can do is consider experienced home care support services through an agency. There are a number of different types of senior care available, including assisted living and nursing home care, but nothing beats home care because it allows the individual to remain within the comfort of their own home and stay as active as possible.
The cost of any type of long term care can be tremendous. It can financially cripple an entire family. That’s why long-term care insurance is such an important thing to consider. Below are four facts to understand about long-term care insurance and why it should be treated in much the same way as life insurance.
Long-Term Care Insurance Fact #1: It’s available.
When people hear about long-term care insurance for the first time, they may be surprised to learn it’s actually available. There are many different types of insurance people wouldn’t even think about until they have a specific need.
Long-Term Care Insurance Fact #2: It’s more affordable than most people think.
When people think about insurance, including life insurance, and if they’re on a limited budget, they usually assume it’s just too expensive for them at that moment. The sooner a person begins a long-term care insurance policy, the more affordable it’s going to be, just like life insurance, but it can still be a lot more affordable than you realize.
Long-Term Care Insurance Fact #3: The sooner you start, the better.
As mentioned, the sooner a person begins a long-term care insurance policy, the more cost-effective it will be. It will also be better because one never truly knows what tomorrow can bring. An auto accident, slip and fall with injuries, or some other emergency could arise that requires long-term care.
Being insured can help open a lot of doors and opportunities for proper support in the weeks, months, and possibly years ahead.
Long-Term Care Insurance Fact #4: The cost of care continues to increase.
The cost of long-term care continues to increase each and every year. As more people reach retirement age, there will be greater demand on these services. That means the cost will increase even more, thanks to supply and demand economics.
Instead of hoping for the best, be reasonable and plan accordingly.
If you or a loved-one are considering a Long-Term Care Insurance Companies in Rancho Encinitas 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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