LONG TERM CARE INSURANCE
Who Will Take Care of You?
No one wants to think who will take care of them if they get dementia, Alzheimer's, stroke, heart failure and need constant care. We all assume everything will work out. Unfortunately, this is not the case. Someone will be your caregiver.
Who are the Caregivers
About one in three caregivers (34 percent) is age 65 or older.
Over two-thirds of caregivers are married, living with a partner or in a long-term relationship.
Approximately two-thirds of caregivers are daughters.
Caregivers usually experience higher levels of burden, depression and impaired health, with evidence suggesting that the caregivers tend to take on more caregiving tasks, and to care for someone with more cognitive, functional and/or behavior problems.
The Facts and Fiction
If you are not prepared for long term care, your spouse and children will need to take care of you. If they have small children and a family, you will burden them with your health problems. They will experience high level of guilt, burden, financial disaster and their children will suffer from your lack of preparation.
If this is your life...will it be your fact or fiction?
YOU CAN PREPARE FOR LONG TERM CARE!
You need to prepare now. If you are 40 years old and healthy, the cost of a Universal Life Insurance policy with a long term care rider would cost approximately $200 a month! Knowing that you will never have to worry about your family having to care for you or having the financial burden of a nursing home.....is priceless.
The Universal Life policy offers you the option of using the benefit while you are still alive for long term care. If you don't use it, you have a death benefit! It is not a "use it or lose it" policy.
Call me for a quote and let me explain how beneficial this can be for you and your loved ones.