You’ve been working hard all of your life. Perhaps you’ve put away a significant sum of your income into investments, a 401(k) retirement package, and savings, all with the intent of being able to retire when you are 65 or 67. Whether the official federal retirement age increases from 67 to 69, 70, or even higher by the time you reach there, you might have a pretty good sum of money put away for those Golden Years. This would be a good time to consider a long-term care insurance quote in the planning of your future.
Maybe you haven’t been thinking about the possibility of needing some type of long-term care. Most people don’t, especially in their 30’s, 40’s, or 50’s if they don’t have chronic health issues or there is no significant family history of serious ailments.
After all, if your mother and father both live to their 80’s and are highly active, and their parents before them were much the same, you may assume everything will be just like that for you, too.
That’s not always the case.
Nobody knows what’s going to happen tomorrow. You could be driving to work and get struck by a person running a red light. You might spend weeks or months in the hospital and then another several months or a year or more trying to recover, regain mobility, and take care of yourself once again.
Imagine how costly that is going to be if you find yourself sustaining injuries, either from somebody else’s negligence or a mishap you didn’t foresee.
Also, you may not even realize it, but there could be certain health issues waiting for you around the corner. Poor eating habits, a lack of exercise, or even a family history can indeed increase the risk of serious ailments.
You might find in five or 10 years, as you approach retirement, that cancer, heart attacks, or stroke risks increase due to various factors in your life.
All that money you saved could end up going to pay for long-term care. That’s why you really need to think about long-term care insurance.
Wouldn’t Social Security and a pension be enough?
Maybe you’re not one of those people who are fortunate enough to put significant savings into investments. Perhaps you rely on a pension that was promised to you through your public union, government job, or private company. Maybe you counted on Social Security.
Guess what? Private and public pensions are dramatically underfunded right now. Many cities and states are beginning the process to take these pensions to court to reduce the obligation they have to the pension holders.
On top of that, Social Security is expected to run out of funding within the next 10 to 15 years. If you don’t consider long-term care expenses, you could be setting yourself up for a hard fall, at a time in your life you can least afford to deal with it.
Time for a Long-Term Care Insurance Quote
Right now is the perfect opportunity to consider long-term care insurance and, ultimately, protect yourself and your dependents (a spouse or others) in your advancing years. It is a good time to get a long-term care insurance quote for this coverage.
If you or a loved-one are considering Long-Term Care Insurance Quote in Del Mar 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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