Most people have heard how important it is to plan ahead, especially with regard to their finances in retirement. But what does that mean, really? Basically, it’s about investing. Building a portfolio. Having enough money saved up or through a pension to enjoy your Golden Years of life. Having the proper insurance like long-term care insurance and talking with long-term care insurance companies.
Unfortunately, too many people fail to take into account the possibility or prospect of requiring any type of long-term care. For some, the cost of long-term care could be crippling. It could completely devastate them financially, wiping out all that hard work and savings they went through for decades and decades.
Seeking information from long-term care insurance companies can help.
Did you know that long-term care insurance could be one of the most valuable assets and protections you have for your Golden Years? Maybe you never even realized long-term care insurance was a thing.
Well, it is. And it’s one of the most valuable insurance policies you can carry as you move through your later years.
When is the right time to begin a policy?
That depends on a number of factors, but the “sweet spot” for this type of insurance is right around 55 years of age.
That doesn’t take into account any number of factors, though, including a family history of serious health issues, personal injuries, and so forth. If there is a family history of Alzheimer’s, for example, then you’ll want to look into long-term care insurance sooner rather than later.
If you suffered a serious car accident in your 20’s or 30’s and had significant injuries that took months or maybe even years to recover from, you might want to look into long-term care insurance now.
What does this insurance offer?
It’s funding to be used for long-term care. This can include many different types of care, which might be home care, assisted living, nursing home care, and so forth.
Some people think it’s not really all that important. After all, if they need long-term care, they can pay for it out-of-pocket or assume Medicaid will cover it. That’s not the case.
The federal government will pay for short-term care, but if you need long-term care and are counting on Medicaid, that will most likely involve nursing home support only.
Keep your options open. Stay focused on what you want. Protect your retirement savings and investments. Look into long-term care insurance companies for a policy today for your future. It could very well be one of the most important decisions you make, especially during uncertain, economic times.
If you or a loved-one are considering Long-Term Care Insurance Companies 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.
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- Worries About the Cost of Long-Term Care if Family History of Alzheimer’s - September 19, 2022