Looking for Long Term Care Insurance?
Quite often people near retirement age are focused on making informed decisions when it comes to their health insurance and/or Medicare options, but fail to consider the impact of a long term illness.
Long Term Care expenses are the leading cause of bankruptcy during retirement. In fact, statistics show that over 75% of people 65 and older will need some form of Long Term Care during their retirement.
So, it’s really not a matter of if you will need Long Term Care, it’s when. And with the cost of Long Term Care rising at a record pace, failure to plan ahead can result in serious financial hardship at a time when you are supposed to be living out your retirement years.
There are several different ways to fund long term care outside of the typical LTC policy. With more creative and flexible insurance products on the market now, it’s important to evaluate your options carefully.
Our hope for all our clients is that they live out their retirement knowing they won’t be financially destroyed by a devastating illness, or become a financial burden to a child or relative.
If you need assistance with any type of senior insurance product, be sure to give us a call.