How does an LTCI policy show that you love your family? With coverage, you can protect your family from the financial, emotional and physical demands of caring for you. They’ll know your long-term care (LTC) is paid for, and that burden will be lifted form their shoulders. Not having to perform your physical care will save their own health, and they can maintain their normal relationship instead of taking on the role of caregiver. You can also protect yourself if anything should happen to your partner.
When my dad’s ALS made it more difficult for him to stand up, my stepmom would help him. She threw her back out multiple times and it definitely affected their marriage. They also had to modify their home with ramps and grab bars. He was perfectly health at age 55, diagnosed at 56, and using a walker by 57. The mentality of “oh it won’t happen to me” simply doesn’t apply anymore. The statistics say otherwise. 15 million Americans are expected to need LTC by 2050 and on average they will need care for 2 years.
“15 million Americans are expected to need LTC by 2050 and on average they will need care for 2 years.”
With an LTCI policy your savings are protected, and your family doesn’t have to provide unpaid care. The national annual average cost of home health care is $50,336. And on average unpaid caregivers lose about $15,000 a year due to time demands of providing care to those with Alzheimer’s or other dementias. With LTCI your partner and children can continue working, knowing a professional is providing the care you need.
One of the greatest gifts you can gift yourself is peace of mind. An LTCI policy will give you just that. You’ll know that if something happens to you, everything will be taken care of. Like purchasing a home in a safe neighborhood, driving a reliable car, and owning a good coffee maker. Peace of mind also happens knowing that your partner has coverage and will be taken care of.
“Roses will turn brown, candy will be eaten, and cards will be recycled. But an LTCI policy will last until you need it.”
I don’t know about you, but I plan on spending my retirement dollars on things like vacations, maintaining my home, and heading to McDonalds for breakfast coffee and Red Lobster for cheddar biscuits. I do not want to spend my hard-earned retirement on care providers and home modifications. An LTCI policy can help with that! Your retirement dollars can stay put while your policy pays for your LTC event.
Roses will turn brown, candy will be eaten, and cards will be recycled. But an LTCI policy will last until you need it. Or will at least provide peace of mind until you’re gone. Valentine’s Day may be a holiday glorified by Hallmark, but it can also be a gentle reminder to truly think of your future with your loved ones and how you can protect that vision. Request a quote today, speak to an expert, and start your family’s LTC plan today. It really is the best way to show your love.
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