You may have heard that the long-term care insurance industry is constantly changing, so that may be a reason why you’ve avoided purchasing a policy as of late. After all, if a particular industry is constantly in flux, changing, as it were, then that can lead to a much lower rate of confidence for those interested in a particular product, service, or as in the case of insurance, a policy.

Long-Term Care Insurance Cost Carmel Valley CA - Long-Term Care Insurance Industry Is ‘Changing,’ So What Should You Do?

Long-Term Care Insurance Cost Carmel Valley CA – Long-Term Care Insurance Industry Is ‘Changing,’ So What Should You Do?

Yes, the long-term care insurance industry is changing, but for the better.

For a long time, the thought of ever requiring long-term care of any kind was rarely a part of any retirement portfolio. However, as people are living longer and there is an increased need for long-term care services from time to time, more people are being hurt by the expenses of this level of care and support, whether it comes in the form of home care, assisted living, nursing home care, or some other form.

Long-term care insurance can protect assets.

This is one of the main reasons anyone is going to consider an insurance policy: to protect an investment or assets. If you have a mortgage, you are required by your lender to carry homeowner’s insurance. If you have a registered vehicle on the roads in the United States, you are required by law to carry automobile insurance, at least a minimum amount of coverage.

There is no such provision for long-term care insurance, but for those who are working tirelessly, saving for retirement, and have great plans for traveling, pursuing various interests, and enjoying life once they retire, not carrying long-term care insurance can be a critical mistake.

Consider how much long-term care can cost.

The average cost of nursing home care in the United States right now is around $75,000 to $85,000. With inflation, supply and demand economics, and other factors, those numbers will likely exceed $100,000 within a few short years. Just two or three years of this can most likely financially devastate the majority of Americans over the age of 65.

Long-term care insurance can help cover a significant portion of the expenses in the event this level of support and care is required. Some policies can cover three years or some other length of time. Each policy is different, but just because you may have heard the industry itself is constantly changing doesn’t mean it’s a good idea to wait it out.

Waiting too long could be a financially devastating mistake.

If you or a loved-one are considering a Long-Term Care Insurance Cost in Carmel Valley CA, please contact Steve Elliott at Capstone Insurance for an honest discussion about your future and your options. Call today (858) 350-3161.

Steve Elliott

Long-Term Care Insurance Specialist at LTC Capstone Insurance
Steve Elliott with Capstone Financial Assurance is a Long Term Care Insurance Specialist

I work with all the major insurance companies and my objective is to help my clients determine if long term care protection makes sense for them and if so, to help them shop the market to find the best company at the best rate

I specialize in Traditional Long Term Care Insurance as well as Hybrid Long Term Care Plans which are either a combination of Life Insurance and Long Term Care or an Annuity Plan with Long Term Care

I’ve been specializing exclusively in Long-Term Care Insurance Planning for over 21 years.

Steve was recognized as a 2003 Long Term Care Expert of the Year at The National Long Term Care Producers Summit

2006 was awarded Senior Market Advisor of the Year Finalist by Senior Market Advisor Magazine

National Speaker for Numerous Industry Meetings

Awarded Nations Top 10 Agent 8 times by the American Association of Long Term Care Insurance

Author of numerous published articles on long term care planning