Why Some People Don’t Take Long-Term Care Costs Seriously
If you were to assume there would be no possible way you would need any type of long-term care, would you ever contemplate the cost? Most people wouldn’t. The only time younger, stronger, healthier adults seem to even contemplate these issues is if an elderly parent or grandparent suddenly has the need for home care, assisted living, or even nursing home support.
Long-Term Care Insurance Cost San Marcos CA – Why Some People Don’t Take Long-Term Care Costs Seriously
Even for somebody as close to this younger adult as a parent who happens to need some type of care, the connection is rarely ever made to themselves. In other words, it’s difficult for them to imagine they would ever be in that type of situation. Sure, we can often acknowledge that (someday) many years from now, we could find ourselves in that type of situation, but we will “deal with it when we get there.”
That’s not a good idea.
Think about life insurance. Everyone is going to die. There’s no way around that. Everyone knows that, too. However, considering a life insurance policy only once you reach your 60’s is not only going to make it extremely difficult to find a good one, it’s also going to increase the cost tremendously.
When that happens, what do some people do?
Many times they basically forget the idea. When they see it could cost them a hundred dollars or more every month just for a life insurance policy because they waited until they were in their 60’s before purchasing a policy, they see it as an unreasonable expense. Some people just can’t afford it.
When it comes to long-term care insurance, it’s even less desirable.
That is, when people view this as an expense. When they don’t think this is ever going to be something they need, or they see it as something only necessary for people in their 70’s, 80’s, or 90’s, they assume they can wait.
It’s not okay to wait.
The longer a person waits, the more expensive the policy can become. It could also become more difficult to get a policy, depending on the person’s health and other factors. There may also be limits on a particular policy because of age. That’s because the majority of men and women who rely on any type of long-term care are elderly.
It may seem reasonable to put off discussing long-term care insurance, but for those who are saving for retirement, investing properly, and working diligently now, this is just one more component of proper long term planning.
If you or a loved-one are considering Long-Term Care Insurance Cost San Marcos 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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