Face the future with confidence. Long-term care events happen to a family, not just a person. As people live longer and healthcare expenses continue to rise, the need for long-term care planning becomes more of a “when” than an “if” situation. By having a long-term care strategy in place earlier, you’ll be better prepared for the tough financial, emotional and administrative decisions you and your loved ones may need to make. 

A growing number of Americans are approaching the age at which they must consider how to pay for long-term care.  For many, a hybrid insurance policy, which combines life and long-term care insurance, continues to be an attractive option. These policies help protect a retirement nest egg from being depleted by expenses incurred when retirees can no longer care for themselves. And, if the insurance is not needed, there is a death benefit that can be passed on to their heirs.

You may have also seen the statistics that talk about the risk of needing long-term care as you age. And like most, you’ve told yourself “It will never happen to me.” You may very well be right. But what if you’re not? Rather than focus on the risk of an event happening to you, take a moment to consider the consequences that providing care over an extended period of years would have on the emotional, physical, and financial on your loved ones. Now more than ever it is imperative to understand the law and to have a plan in place to protect your loved ones and your assets. With few exceptions, no federal or state program will pay for custodial assistance over an extended period of years. The family therefore is forced to pay out of pocket. A plan will protect family members and loved ones if you should become frail and need care so you don't lose everything you've worked your whole life for.