3 Signs Long-Term Care Insurance Would Be a Great Option for You
Long-Term Care Insurance Rancho Bernando CA
If you’ve been kicking around the idea of long-term care insurance for yourself, a spouse, or some other family member, that’s a good thing. In fact, if this is the first time you’ve thought about long-term care insurance, you’re doing something few other Americans actually do, and something that is instrumental in protecting you and your family, including your wealth and assets, into the future.
If you’re not quite sure whether long-term care insurance would be a good decision for you at this point in time or not, below are three signs that may help you determine that simple factor.
Sign #1: You may need support.
You might feel completely strong and independent right now in your 40s, 50s, or 60s, but that’s not always going to be the case. If you live to be 80 years old, you may face one or more serious health issues. You will also lose muscle mass each year, which will ultimately impact your ability to maintain balance and perform certain tasks.
At some point in the future, if you can honestly see the prospect of needing physical support in the form of a home care aide, for example, then long-term care insurance is a good option to consider right now. That doesn’t mean you’re going to need long-term care, especially not right now, but that’s what insurance can help protect you for in the future.
Sign #2: A history in the family.
If there’s a history of your parents, grandparents, or other relatives who have suffered certain types of medical emergencies or required any type of long-term care, the risk of you needing that type of support also increases.
If you’re not quite sure about family history in this regard, this is the time to discuss it with your parents, grandparents, or anyone else who may know what type of medical history or long-term care history exists in your family.
Sign #3: You don’t have a lot of savings.
Financial times can be tough for a lot of people. You may be living paycheck to paycheck, and this could be a pattern of yours for many years. You don’t have time or the financial resources to save for retirement.
How could you possibly pay for long-term care if the need arose? If you are struggling financially, carrying a long-term care insurance policy may seem like an unnecessary expense, but it’s an investment to protect your future.
If you or a loved-one are considering Long-Term Care Insurance 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.
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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