3 Things Many People Overlook About Long-Term Care

Long-Term Care Insurance Premiums Rancho Bernando CA

Long-Term Care Insurance Premiums Rancho Bernando CAWho really wants to think about the prospect of needing some type of long-term care, either for themselves or a loved one? Most people don’t want to contemplate those things.

Some people simply don’t want to think about bad things that could happen, even though they may be relatively remote. Others might be superstitious and assume the moment they begin worrying about something, it’s going to come to pass.

When it comes to long-term care, there are many things people never even think twice about. We all know we’re mortal. We often assume we’re going to live at least into our mid-70s, if not our 80s or 90s, depending on family history and how long relatives have survived.

Most of us are also acutely aware that accidents can happen, health issues can arise out of seemingly nowhere, and that our time could certainly be cut short. It’s one of the reasons why so many responsible adults consider carrying life insurance policies. They want their family to be taken care of after they’re gone, whether that happens within the next year, within 20 years, or it won’t happen for another 30 or 40 years.

However, people rarely think about long-term care, the premium costs associated with it, or possibly even considering long-term care insurance for themselves or loved ones. Below are three things a lot of people actually overlook regarding long-term care and the insurance that’s available to help offset the cost of it.

1. They assume they’ll never need it.

Overlooking the prospect of requiring any type of long-term care is far too common. You’re healthy, strong, and active. If you suffered a heart attack tomorrow or some other medical emergency, you’ll be back on your feet in a matter of weeks, at best.

That’s both naïve and arrogant. We simply don’t know what tomorrow is going to bring. Assuming you’ll never need long-term care can be a costly mistake.

2. They assume it’s affordable.

Some people assume hiring a home care aide is simply going to be affordable for them. They might earn six figures every single year. They put away plenty of money for retirement.

But they don’t consider possibly requiring long-term care much later in life, such as their late 70s or even into their 80s. If they require long-term care, full-time care, for five, six, or even 10 years or more, just imagine how much of that retirement fund could be wiped out.

3. Most people tend to think short term instead.

In the event we suffer injuries as a result of an accident, require major surgery, or have some type of health emergency that leads us to the hospital, we assume recovery will be a relatively quick. Stories about people spending months or even years recovering don’t really enter our thoughts.

We’re stronger, we’re healthier, we’re better. We will simply recover more quickly.
When we overlook the value of long-term care insurance, we put ourselves, our family, and our finances at risk.

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