Talking About Long-Term Care Insurance with Your Spouse
Long-Term Care Insurance Premiums Rancho Penasquitos CA
This may be a difficult conversation to bring up, but it’s also an important one. Discussing long-term care insurance with your spouse may not be something you ever thought you’d have to do, but perhaps a family member, friend, or even a coworker’s relative recently required some type of long-term care and you began to see the impact it could have on you and your family financially.
What to bring up first.
One of the first things you might want to consider bringing up when discussing the prospect of long-term care insurance with a spouse is protecting your investment. You two have worked hard to raise a family, put away money for retirement, and have great plans for your future.
Neither one of you wants to think about bad things that could happen, but they can happen to anyone at any time. You want to protect your investments, your assets, your savings. This is where you start when it comes to discussing the prospect of long-term care insurance.
“We’ve worked hard to save for retirement,” you can begin the discussion. “We need to make sure it’s protected for our future.”
What that essentially means is you’re thinking about the future, thinking about the prospect that one or both of you may require long-term care. Hopefully nothing bad happens to either one of you that would require this, but if you approach life with that mindset, and something does happen, it can decimate your retirement, your savings, and leave the rest of your life little more than a struggle to make ends meet every month.
What your spouse may think.
What is your spouse going to think? Is he or she going to assume this is an unnecessary expense? After all, should you have to pay insurance premiums for something you may never even need? At least with life insurance, as long as you keep the policy active until the very end, there will be some kind of payout.
It’s true that long-term care may never be needed for you, your spouse, or anyone else in your family who might be covered by this policy, but does that mean it’s an unnecessary expense? It’s insurance.
You have auto insurance, right? That doesn’t mean you’re going to be involved in an accident, does it? Of course not. You may never be involved in an accident. If you’re not involved in an accident, does that mean auto insurance was a waste of money?
When discussing long-term care insurance with a spouse, it’s a good idea to anticipate common questions, concerns about it, or arguments to avoid it altogether.
If you or a loved-one are considering Long-Term Care Insurance Premiums in Rancho Penasquitos CA, please contact Steve Elliott at Capstone Insurance for an honest discussion about your future and your options. Call today (858) 350-3161.
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
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