|Things to Consider:||The Solution:||Sources of Long Term Care Funding:|
The emotional and financial burden on family (children, spouse)
In today's society, the pressure on working parents attempting to raise a family while caring for parents can be overwhelming.
Loved ones can be conflicted between paying for the best possible care and perserving capital.
The cost - In the NY tri-state area, the annual cost of care in a long term facility can exceed $100,000. Many people overetimate the amount of money they will have in retirement, or to pass on to loved ones, by underestimating and not planning for the cost of care.
Long Term Care Insurance provides you with a source of funds for care at a nursing home, or for extended care at home.
Important Product Features:
Benefit Amounts and Duration Periods
Waiver of Premium
Income including investment income
Liquidate Stocks and other investments
Other Family Members
Individual Long-term Care insurance - If you can afford long-term care insurance, it may be the best way to avoid depleting your life's savings Additionally, having such coverage can provide peace of mind. Having it ensures that you will have access to first-rate care when you need it. It also means you won't have to be dependent on others or a burden to your children.
|Resources l Contact|