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Who Needs Long Term Care Planning
Planning ahead, which includes speaking with your family (and/or friends), will help ensure you or a loved one receives the appropriate care.
A loved one can assist with the daily living activities of certain people through long-term care services. This may require the family member to move in with them permanently or for an extended period while the ADL problem is being addressed. It may force that person to quit their job or take time off work, jeopardizing not just the family’s financial stability but also the individual’s.
Regardless of how, where, and what type of care services are provided, if the services are rendered by anyone other than a family member, the long-term care costs will typically be very expensive.
While some individuals will be able to self-fund their care by drawing from their own savings, doing so will likely leave them with no assets to pass on to loved ones, prevent them from enjoying retirement, and leave them vulnerable to having to borrow money to pay for their care if they run out of money.
By protecting their financial resources and relieving the strain on their loved ones, many individuals find peace of mind in acquiring a long-term care insurance policy to cover their anticipated long-term care needs in the future.
That’s why it’s crucial that you get in touch with an experienced long-term care expert who can evaluate your needs and get you the most competitive rates for long-term care insurance. That is who we are and what we do.