We beg your pardon, but most insurance experts will tell you ten or more reasons why people “should” buy long term care insurance. But when it boils down to the reality of it, there is really only one reason why people actually “do” buy long term care insurance – FREEDOM TO CHOOSE.
So, what happens when you have the “freedom to choose”?
- You maintain your independence
- You don’t become a burden on your spouse or your children
- You protect your assets and retirement income from the high costs of care
- You can stay in your home as long as you like
- You can decide to go to the finest of facilities
- You protect your spouse’s standard of living
- You live your life with the utmost of dignity
When you think of it, the odds of needing long term care (the help of others to perform the activities of daily living) are so much higher than your house burning down or even getting in to a car accident. Yet, most of us would never consider being without car insurance or homeowners insurance. So, why all the resistance to long term care insurance? If you live to the ripe old age of 65, the odds of having long term care expenses are 1 in 3. Do you know what the odds of you having a house fire are? 1 in 3500. How about a car accident? – 1 in 82. Get the picture, here?
But we can talk about statistics all day long, and most people STILL won’t take their head out of the stand on this one… why is that?
We think there are many reasons for this. For one, it’s not a fun subject to think or talk about. For another, most folks don’t think it will ever happen to them and if it does, they’ll cross that bridge when they get to it. For some, they think the government will pick up the tab should they need long term care. And still for others, they think it’s just too expensive or they have enough money saved to handle that kind of expense, should they ever need it…
But for most, it’s simply because they don’t know enough about it to make an informed decision, one way or another. They don’t understand it, they think it’s too expensive, they don’t know the right questions to ask, or they just don’t have anyone they trust enough to talk with about it.
Envision Insurance Specialists have been helping people with Long Term Care planning for over a decade. They take the mystery out of it and give you the facts so you can make an informed decision for you and your family.
AGING IS A FAMILY ISSUE!!
It affects your family on so many levels – too many to discuss in this article!
They can inform you and give you the tools you need to decide, once and for all, if this is something you need to protect you and your family. They can tell you if you even qualify for this kind of protection. 2 in 5 people are turned down due to pre-existing health issues. That’s why it’s important to work with someone who has years of experience in Long Term Care planning.