Long-term care insurance can provide benefits for all levels of nursing home and home care. It can provide you and your family with peace of mind that comes with knowing you will be cared for as you age, no matter what happens along the way … Because you have better things to do than worry about the cost of health care.
WELCOME TO 2017
When I was growing up in the then smaller town of Ottawa, Illinois, my father’s small business was 3 blocks away, and my grandparent’s home 2 blocks in another direction. Nobody came home from playing in the neighborhood until after dark, and all of the neighbors watched to make sure the kids were safe, and “doing right”. When a grandparent became too ill or old to take care of him or herself, the family had them move in with them, or lived by close enough to see them every day. My parents did that for their parents, often with the help of siblings who lived close by.
Today my father is almost 91 and my mother follows a year behind. I live 90 miles away from them and my brother and his family live in Florida.
Aging and the deficiencies which come with it cause and event, not a re-location. Today we have the ability to have caring people look in on Mom and Dad. We have visiting nurses, should the need arise. And yes, we have continuous care facilities for them to live as independently as they like with critical end-of-life help when it’s needed. All of these options are at the discretion of the elderly and their families. None are mandatory.
But should the need arise, there IS a cost to care. Depending on what source you cite, it’s anywhere from
$58,000 to $128,000 per year for full-time assisted living needs. Where’s the money coming from? Existing assets, sale of the primary residence, assets of the children? I think you’ll agree that these are not usually the most desirable alternatives.
Let us help you and your family choose more practical, less expensive ways to fund the most vulnerable years of your life after childhood. We have a number of the best long-term carriers available. There are a variety of ways we can structure the benefits, including using annuities and life insurance. Give us a call and we’ll have a conversation about how to solve the problem.