Long-Term Care Insurance Companies: Reasons to Start a Long-Term Care Insurance Policy NOW
If you have not contacted long-term care insurance companies for a policy just yet, it is well past time you did, especially if you are in your mid to late 40’s or 50’s. There are many reasons why a long-term care insurance policy is a great option, especially for somebody who has been tirelessly investing and saving for retirement.
Long-Term Care Insurance Companies Rancho Bernardo CA – Long-Term Care Insurance Companies: Reasons to Start a Long-Term Care Insurance Policy NOW
You may not realize it, but once you reach retirement age, you will be dependent on those investments, your pension, and/or Social Security. Unfortunately, it is expected that Social Security is going to run out of funds within the next 10 to 15 years, if not sooner. If you have to pay for long-term care out-of-pocket, it could financially devastate you to the point where you have to return to work, at some job, whatever you can get, in your 70’s.
We see it happen all the time, and you often pass some of these people when you go to a Walmart, a grocery store, or even a fast food restaurant. You see people in their 70’s and sometimes their 80’s working and you wonder, “Why are they still working?” In some cases, it’s because they didn’t anticipate having to pay long-term care out-of-pocket.
Below are five reasons why now is the perfect opportunity and time to talk with long-term care insurance companies.
Reason #1: You’re between 45 and 55.
Fifty-five years of age seems to be the perfect sweet spot to begin a long-term care insurance policy, so long as you don’t have a family history of various health issues and chronic health conditions. If you do, then it is far better to begin the policy sooner.
Why is this the case? Because, the older you get, the more likely you could be denied coverage due to family history of health issues, your current health issues, and a number of other factors.
Reason #2: You’ve invested for retirement.
If you have long-term investments, a pension, and other retirement accounts, you have saved for those golden years of life. Long-term care expenses could completely wipe those investments out if you are not protected against those unexpected costs.
Reason #3: There’s a health history in your family and you want to talk with long-term care insurance companies about this.
Whether it’s Alzheimer’s, heart issues, stroke, or any other regular chronic health issue, that increases your likelihood of dealing with the same things. When that’s the case, there is also a higher likelihood you might need some type of long-term care in the future.
Reason #4: You want to protect your spouse in the future.
You want to ensure your spouse is taken care of, even if something happens to you. But, what if you are involved in an accident, suffer a stroke or heart attack, are diagnosed with cancer, Alzheimer’s, or other serious health issues?
If you to have to pay those long-term care expenses out-of-pocket, how is he or she going to be taken care of after that? Protect them with long-term care insurance now.
Reason #5: You recognize the economic signs of trouble out there.
Even though many politicians, bureaucrats, and media personalities say everything is fine, you see the writing on the wall. Everything is anything but fine. Because you recognize this, you should value long-term care insurance even more.
So look into a policy now through long-term care insurance companies that will help to protect you and your spouse into the future.
If you or a loved-one are considering Long-Term Care Insurance Companies in Rancho Bernardo 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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