Most of us will need a long term care plan since most of us will need long term care.

According to a study from the Urban Institute and the U.S. Department of Health and Human Services, 70% of people 65 and older will need long term care in their remaining years. 

If you’re like me and you believe in the value of data and facts, then when you hear a statistic that 70% of people 65 and older will need some form of long term care help in their life, then that’s something to really take stock in and address.  And when an organization like AARP is talking about it, then it’s really something to pay attention to. After all, part of their mission is to look out for seniors and provide them guidance with issues as they get older.  As a licensed life & health insurance broker, part of my job, and frankly the thing the thing that makes me feel the best about my job is that I can help be part of talking about the need for long term care planning, what’s involved and why it’s so important.  Think about that statistic for a minute…. 70% of us will need some form of long term care.  

I know when we’re younger, in our 30s, 40s, and 50s, we think we’re invincible and we think a nagging injury here or there is about the worst it may ever be for us.  But the facts are the facts; as most of us get older, it will be more challenging to do things we take for granted, on our own.  Things like taking care of ourselves in our daily routine – bathing, eating, or using the bathroom.  Yeah, not pleasant.  I get it.  I’m in the same boat.   But, what I do believe is the best thing we can do for ourselves and our loved one’s (spouse, partner, life partner), is to make sure we have a plan for long term care.   

Sure, we sell long term care insurance, and this is a power financial vehicle to help offset the high costs of long term care.  But, I also know it’s not for everyone.  And that’s ok.  Regardless, if you need some help even thinking through a long term care plan, reach out and let us know by scheduling an appointment.  Or, feel free to email me directly at eric@policysolver.com. My team and I are happy to help even if you don’t end up getting a long term care insurance policy.