Long-Term Care Planning: Good To Know Tips
You Plan, you Save and you Invest to create a financially secure tomorrow.
Needing long-term care can impact your loved ones, your assets and your retirement.
Are you prepared with a plan to address a long-term care need that lasts for several months or for many years?
Here are a couple of tips from the American Association for Long-Term Care Insurance to help you plan today for an uncertain future.
Good to Know:
- Most Long-Term Care Is Home Care – No other place will ever seem like your home, so it’s understandable why people prefer to remain in their own home even when long-term care is needed.
Today’s long-term care insurance (LTCi) policies can pay for needed care in your own home.
- The LTC Planning ‘Sweet Spot’ – In tennis, hitting the racket’s ‘sweet spot’ results in the most powerful hit. The long-term care planning sweet spot is when individuals have the most options and can obtain less expensive insurance.
Your 50’s and 60’s are the sweet spot for purchasing long-term care insurance protection. Long-term care insurance is generally less expensive the younger and healthier you are.