Three Reasons Long-Term Care Should Be a Discussion to Have with Your Spouse
No matter how long you’ve been married, it’s important for you and your spouse to discuss your future together. This can include financial aspects, and maybe part of that might be retirement or other options, including life insurance.
Long-Term Care Insurance Premiums San Diego CA – Three Reasons Long-Term Care Should Be a Discussion to Have with Your Spouse
What about long-term care insurance?
This may not be a topic you have broached with your husband or wife just yet, but if not, why not? Why haven’t you talked about this? Is it because you haven’t really thought about it much? Maybe it’s not a topic you’ve ever come across before.
There are many great reasons why long-term care should be a topic to discuss, and we mention three of them right here.
Reason #1: You don’t know what the future holds.
No one knows what the future holds. Yes, you can do all sorts of planning, and you may be in great physical condition and have very little family history of serious health issues, at least until people get into their late 70’s or 80’s, but that doesn’t mean we won’t need long-term care.
An accident can happen at any time. You could be the most diligent person behind the wheel, but you can still be involved in an accident that causes serious injuries. What if you needed long-term care for eight, nine, or 10 months? That can be financially devastating for many families.
Reason #2: You want to protect your finances.
You are saving for retirement. You may have a portfolio that will keep you and your spouse financially secure for 20 years or more, but an accident or unexpected health emergency can change all that.
If you need long-term care, you won’t be eligible for Medicaid or Medicare support until your financial resources are almost exhausted. Spending $50,000 a year on home care support services may be just the tip of the iceberg.
Reason #3: You want the best support for your future.
In the event you require any type of long-term care or your spouse has a medical emergency that requires long-term care, don’t you want the best for both of you? If you do, it’s going to cost you a lot of money. Paying the premiums for long-term care insurance to cover these expenses will buy you the help you may need.
These are just three simple reasons why it’s such a good idea to begin talking about long-term care with your spouse. If you don’t, you could be putting one or both of you at risk and exposing yourself financially to some extreme hardships in the future.
If you or a loved-one are considering Long-Term Care Insurance Premiums in San Diego 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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