“It’ll never happen to me – I won’t need long-term care”

These are famous last words for some. Most people walk around in a safe little bubble believing nothing bad will ever happen and hopefully they’ll live happily ever after. Unfortunately, for most, this belief is false. If you saw our latest infographic on the usage of long-term care (LTC), then you know that 15 million Americans are expected to need LTC by 2050, and 52% of people 65+ will need LTC in their lifetime. Still think it won’t happen to you?

Hope for the best, but prepare for the worst. See if long-term care insurance is something you should invest in today.
Hope for the best, but prepare for the worst. See if long-term care insurance is something you should invest in today.

Think about your parents, grandparents, aunts, and uncles. What sort of ailments did they get as they got older? How much would their lives have benefited from long-term care insurance (LTCI) and some assistance with those ailments? How much would their partner’s lives have benefited? I had a grandfather who suffered from strokes and diabetes, ended up losing the lower portion of his leg and needed full time assistance. My dad was diagnosed with Amyotrophic Lateral Sclerosis (ALS) at 55 and his whole house had to be set up with ramps and grab bars. I certainly don’t live in fear, but I do have an LTCI policy and I am prepared for the day if my “something” happens, and I may need LTC.

“15 million Americans are expected to need LTC by 2050, and 52% of people 65+ will need LTC in their lifetime.”

Just look at all the celebrities whose lives certainly didn’t end up as golden as their status would have you believe. President Ronald Reagan had Alzheimer’s, along with legendary singer Glen Campbell and tough guy actor Charles Bronson. Michael J Fox was diagnosed with Parkinson’s at 31. Christopher Reeves fell off a horse at 43 and lived the next 9 years in a wheelchair on a ventilator. Montel Williams, Jack Osbourne, and Selma Blair all live with Multiple Sclerosis. Even 26-year-old Disney star Selena Gomez deals with Lupus and has already endured a kidney transplant. And these are just a few examples out of many, many stories.

Bad things happen to good people, and the greatest we can do is to prepare for the worst but always hope for the best. If you are ready to start your LTC preparations, speak to a specialist today, and make sure your future stays worry-free.