The good news is, thanks in large part to medical technology, that we are living longer … and the bad news is, again thanks in large part to medical technology, that we are dying slower. This is the underlying principle for the ever-increasing need in people’s lives for long-term care.
Let’s face it, each of us knows someone that either lives in a nursing home, memory care facility, assisted living facility, or has received some type of long-term care in their home. In fact, experts in this field say that people age 65 or older have a 70% chance of needing some form of long-term care during their lifetime. And costs for these services are only going one direction – up!
There are very few catastrophic events that can drastically reduce or even wipe out a person’s “nest egg” … and long-term care is potentially one of those events. This is why it is so important to have “the talk” with an expert at The Wealth Protection Group and put together a plan. Ask yourself this question, “Would you rather have a plan and not need it, or not have a plan and need it?” The answer seems fairly obvious.
Please know that you can protect yourself today from the devastating financial risk of possibly needing long-term care down the road. The last thing you want to worry about is, “How am I going to pay for this?”, when the need for long-term care potentially arises.
The Wealth Protection Group specializes in customizing a long-term care insurance plan to meet your family’s specific needs.
