How Much of a Risk Is It to Avoid Thinking About Long-Term Care?

By Steve Elliott | April 10, 2017 | Comments Off on How Much of a Risk Is It to Avoid Thinking About Long-Term Care?

You’re not a risk taker. You’re not somebody who has thrown caution to the wind very often, especially as you matured in adulthood. You might be in your 40s, 50s, or 60s, and you’ve been working with consultants on building a solid retirement portfolio, but have you ever considered long-term care insurance?

Long-Term Care Insurance Premiums Carlsbad CA - How Much of a Risk Is It to Avoid Thinking About Long-Term Care?

Long-Term Care Insurance Premiums Carlsbad CA – How Much of a Risk Is It to Avoid Thinking About Long-Term Care?

This might not be something you think about often.

Most people don’t think about their mortality and even less time thinking about what could possibly happen that forces them to rely on support for an extended period of time. For example, you don’t assume you’re going to be involved in a car accident in the next couple of years, do you?

However, if you look at the statistics, the more time you spend behind the wheel, the greater your chances are of being involved in an automobile accident. If you sustain injuries as a result of that accident, you could be laid up for weeks or even months for recovery.

You’re not going to be spending all of that time in the hospital.

If you’re in a coma for several weeks, it will certainly be in the hospital, but more often than not when you are conscious you will ultimately be discharged and either sent to a nursing home if you require extensive medical care and attention, or sent home. If you are sent home, who is going to support you? Maybe your spouse works a full-time job, too, and wouldn’t be able to take time off for several weeks or months to care for you.

How much will that cost you?

It could cost anywhere between tens of thousands of dollars or hundreds of thousands of dollars if you require long-term care for several years.

So let’s ask the question again: how much of a risk is it to avoid thinking about long-term care?

When you’re planning for your retirement, making sound financial decisions, it’s a good idea to calculate in the potential cost of long-term care and premiums for long-term care insurance. When you see how much you could lose from retirement, potentially even wiping out your retirement fund completely, hopefully it makes sense to consider long term care insurance to protect you, your family, and your assets for the future.

If you don’t consider the prospect of ever requiring long-term care, you could potentially be playing roulette with your family, your finances, and your future. There’s no point in doing that when you realize just how affordable long-term care insurance premiums can be.

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

Steve Elliott
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