Long Term Care Insurance

If you become physically or mentally incapable of taking care of your basic needs, for whatever reason, then you will need long term care.

Long term care goes beyond health insurance, beyond a temporary inability to work. It is not exclusive to old people who are about to die. Accidents happen. Strokes happen. Life does not always work out the way you hope it will.

So why should you make sure you have Long Term Care insurance "just in case?"
Because:

1)  You do not want to go into a nursing home
  (Long Term Care policies can pay for in-home care)

2)  You do want to go into a nursing home
  (2010 average cost per year in Texas* = $58,765 for a private room; $44,165 semi-private)
 
3)  You want to ensure greater control over the care you receive
  (money talks, and having LTCi can mean the difference in poor care or quality care)

4)   You do not want your spouse to injure him/herself
  (it takes both skill and strength to bathe, toilet, and transfer another adult)

5)   You do not want to be unnecessarily injured
  (the spirit is willing, but the flesh is weak)

6)  You do not want your spouse, children, or grandchildren to quit their jobs to take care of you
  (you may need help 24/7, which few people can handle mentally, physically, or financially)

7)   You do not want your children or grandchildren to see you naked, wipe your bottom, etc.
  (it's okay to maintain a sense of privacy and dignity)

8)   You do not want to exhaust your savings, sell your home, etc.
  ($100K , $200K, $300K or more in total expenses is not uncommon)

Long Term Care Insurance is one of those products that most people want, few people budget for, and by the time most consumers are retired and decide they really should acquire long term care insurance, the premiums may be uncomfortably high.

It does not have to be that way. Contact us today if you are serious about getting a Long Term Care policy. Depending on your age, health status, and the amount of coverage you desire, you may be able to get an individual policy for less than $100 per month.

Additional Options: LIFE INSURANCE + LTCi  or ANNUITY + LTCi = new hybrid products which provide Long Term Care benefits "just in case". Premiums are not "lost" because beneficiaries receive a tax-free cash benefit upon the death of the insured who has access to cash value while still alive.

* Figures derived from Genworth Financial's 2010 Cost of Care Survey - the industry's most comprehensive report on long term care costs.
Click Here for State-Specific Data for Texas which includes individual major cities listed alphabetically from Abilene to Wichita Falls