Where Should You Begin Looking into Long-Term Care Insurance?
Long-Term Care Insurance Premiums Del Mar CA
Perhaps you’ve been kicking around the idea of purchasing a long-term care insurance policy. Maybe this is for yourself, a spouse, or possibly an aging family member, such as a parent or grandparent. You saw a blog or something else about long-term care insurance and decided it was something to at least look into.
You’re practical and like to plan ahead.
You’ve been planning for your own retirement for quite some time. You have a life insurance policy, a solid portfolio, and quite a bit of savings. You should do well in your retirement years.
Because you like to stay ahead of potential problems before they even begin to develop, you’ve been looking into the cost of long-term care premiums. It might have staggered you to see the figures and national averages. The average cost of in home care is approximate $19 per hour. The cost of assisted living is about $3,293 per month, on average. The cost of nursing home care can be $6,235 or more per month, depending on where you live (LongTermCare.gov). These are national averages, of course, and the cost of each may be lower where you live.
You did some quick calculations and realized that if something were to happen to you or your spouse, within a couple of years it could completely wipe out your savings, retirement fund, and all of your assets. That’s when you began looking into long-term care insurance and their premiums.
So where to begin?
If you have an insurance company you rely on, it may seem reasonable to contact your broker and make an appointment. However, not all insurance companies provide long-term care insurance. Also, because it is not a widely used insurance policy just yet, your broker may not have any real or verifiable facts or information that could help you determine which policy you might want to consider.
The best thing you can do is contact an insurance company that specializes in long-term care insurance. The brokers working for these insurance companies will have an extensive amount of experience and be able to offer you practical advice on what to look for, what coverage may be optimal for you and your family, and what to expect in the future.
It’s a great thing you’re doing. Not enough people even consider the prospect of carrying long-term care insurance. As more people reach retirement age and prefer to remain at home, there will be a greater demand for short and long-term care. Expecting your insurance company or Medicare or Medicaid to pay for it is shortsighted.
If you or a loved-one are considering Long-Term Care Insurance Premiums in Del Mar 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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