Every day people are faced with important decisions to make. Some decisions are easy while others a bit more complicated. For those who have families, children, a spouse, other dependents, or even who live alone and are planning for retirement, there’s a decision they should be contemplating when they’re moving through their 40’s and heading into their 50’s. That decision involves long-term care insurance.
What is long-term care insurance?
This is a policy that can help protect financial investments, savings, and entire families in the event a listed member on that policy requires some type of long-term care. For example, an individual may become involved in a traffic accident one day while heading to work.
They woke up in the morning and everything was fine. They felt great, healthy, fit, and maybe even the most ironic thing of all was they just got a clean bill of health from their doctor. “You have the body of a 30-year-old,” their doctor may have told them when they turned 50.
They grabbed breakfast, kissed their spouse and family goodbye, and headed out to the car just like any other day. Before they finished the commute to work something went wrong. Suddenly they find themselves in the hospital, possibly days or weeks after being admitted, having just woken up from a coma.
Soon their insurance stops covering their medical expenses and they will be forced to a nursing home. According to their doctor, recovery might take months, possibly even more than a year. During that time they will require a great deal of effort, support, and direct nursing care.
Who’s going to pay for that?
Without a proper plan in place like a long-term care insurance policy, that family is going to pay for all of that ‘out-of-pocket’. If they can’t afford it, that individual may be left alone to try and recover over those many months without any support aside from their spouse or friends and immediate family.
It’s not just accidents, but just about any medical emergency that could land somebody in the hospital or even circumstances that might require them to need help for an indefinite or extended length of time people need to think about.
MS, Parkinson’s, Alzheimer’s, heart disease, kidney failure, stroke, aneurysms, and so on. The list is long and just because an individual is healthy now doesn’t mean they won’t face a difficult circumstance in the road ahead.
If you or a loved-one are considering Long-Term Care Insurance 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.
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