When you’re planning for your financial future (you and your family), what do you include? Some people will purchase a life insurance policy to ensure their loved ones will be less stressed in the months and possibly years following an unexpected situation.
Long-term planning for one’s future will also likely include savings, investments, and a diverse portfolio. But what about long-term care insurance?
How many people have even considered purchasing a long-term care insurance policy for themselves or their family? Far too often people wait until they are in their 60’s before they even look into this option, but it’s a good idea to consider this type of insurance policy earlier, not just for cost savings, but for the unexpected and unanticipated.
Are you certain nothing bad will happen to you or your spouse tomorrow?
If we are honest, we can answer that question quite easily: no. Even though we may have recently had a comprehensive physical examination at our doctor and been given a clean bill of health, that doesn’t mean we won’t suffer a heart attack, stroke, or even be injured in an accident.
Automobile accidents happen every day. Hundreds of people die each day in the United States in automobile accidents. It’s a tragic reality, but with impaired driving, distracted driving, and other problems growing in frequency, we really don’t know what’s going to happen tomorrow.
But, what if you are involved in an accident or face a medical emergency?
What if you or your spouse requires long-term care? That could be a nursing home, visiting nurses coming to your house, or perhaps some other facility. The cost of some long-term care options can run six digits annually. What if that goes on for three years?
Will that completely eradicate all the hard work and saving you had been doing for the past 20 or 30 years? For many people it can.
That’s why, when you’re focused on a solid financial future, it’s imperative that you consider all options. Life insurance is certainly an important consideration and something you should do, if you can fiscally arrange it, to take care of your family, especially if you have children.
Long-term care insurance may not be something you would have normally thought about until you’re in your 60’s or later, but if you are in your 50’s or late 40’s, there’s no better time than now to contact long-term care insurance companies and look into it, see what’s available, and consider it to protect your financial future.
If you or a loved-one are considering Long-Term Care Insurance Companies in San Diego CA, please contact Steve Elliott at Capstone Insurance for an honest discussion about your future and your options. Call today (858) 350-3161.
- One of the Greatest Worries Some Aging Seniors Have About Long-Term Care Insurance - October 19, 2020
- Could You Get Paid to Care for Your Elderly Mother If She Has a Long-Term Care Insurance Policy? - October 13, 2020
- What Could Happen During Retirement if You or Your Spouse Needs Long-Term Care? - October 5, 2020