Love Your Future Self
Is there anything I can do today that my future self will love? Beyond the topics of nutrition, exercise and stress management? We all know these things are important, but am I missing something? Is there something I need to do, as I am sliding towards retirement?
The answer is an overwhelming YES, and a great place to start is with Long Term Care Insurance.
Long Term Care Insurance? What??
Probably not what you were expecting. But in terms of preparing for the future, it is a game changer. While there are many options on the market now, basic Long Term Care Insurance Plans cover the cost of in-home care or care at an assisted living facility, provided there is a medical diagnosis requiring care. Long Term Care insurance does have an annual premium you pay for the coverage, and you guessed it. The older you are, the higher the premium is for the coverage.
The benefit payout for Long Term Care varies according to the policy selected, but the average payout is about 3 years. With memory care within communities easily surpassing $7,000 per month, the premium paid is worth it for most families. Some policies even have a refund component for your family, if you don’t utilize the coverage. It is worth the time to discover the best coverage for you.
In my time working with older adults, I have seen first hand how quickly an illness can change into a long term care situation. It happens fast, and families make difficult financial sacrifices to ensure care is provided. The stress can be overwhelming, especially when it simply comes down to having the money.
If you are interested in looking at options for Long Term Care Insurance, or need someone to walk you through retirement planning, I can help you find great people. It never hurts to ask questions and find answers, especially when it comes to planning for retirement living. We are all headed down the path of aging. Let’s just make sure it is all we want it to be.
#ALLNEHouston #longtermcareinsurance #AgingWithDignity #NeverTooEarly
