Long-Term Care Insurance

Maintaining Your Dignity In Retirement

Long term care insurance is today's new reality as one of the biggest risks you possibly face financially is the unknown for all of us.

As we age medical expenses become a top concern. The potential costs associated with long term care needed down the road can -and usually are - enormous.

It can reduce the quality of life for a spouse. It not only impacts the family financially but also emotionally, so if you can take some of the burden off of your loved ones, my guess is that you will want to do so. And long-term care insurance is a way of achieving this.

  • Do you know what it costs a month for a nursing home in your area?
  • Do you know what it costs if you wanted a care nurse to come into your home?
  • When you may need care for Alzheimer’s Disease, Stroke, Parkinson’s, MS, arthritis, ALS, etc.
So what do you want to happen when you can no longer care for yourself? Who will assist you?

You have the choice to get some type of long term care insurance or take the risk of paying these large expenses out of your own pocket.

If you need long-term care for 5 years, you could easily go through $250,000!

The issue you must address is whether you can easily come up with the $3000 to $8000 per month. If you can come up with the monthly amount from your own resources then you are fine. However, if you can’t or don’t want to use your money that way, then my recommendation to you is that you have a substantial exposure to your assets, which is the risk of long term care.

Another note is that many people assume that if they need long term care, then they will sell their home and use that money to fund their need.

That’s a great plan, as long as you don’t have a spouse who needs somewhere to live. And many of us, if we had the choice and could afford it, would probably prefer to stay in our own home.

Some say. "My kids will look after me." And at what cost to them. They are likely to have a job, a family to care for. Or they may live in another part of the country. Do you really want to put that burden on them? Tips on Buying Long-Term Care Insurance


The solution is simple. Take a small amount from your budget and get proper long-term insurance. You wouldn’t think of going without house insurance. Or car insurance. Long-term care protection is no different.

A large number of people are purchasing long-term care insurance to prepare for their future health needs.

How to qualify for long term care insurance.

Tips on Buying Long-Term Care Insurance