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Seventy Percent of People Over 65 Will Need Some Kind of Long Term Care....70%!

May 1, 2017

Less than 10 million people have some form of long-term care coverage.  Experts in the field believe part of the problem is widespread denial by consumers. If you're a healthy 40-something, it's hard to imagine that one day you'll be frail and unable to care for yourself. Or you may believe that your kids or other family members will step in.

Or, you balk at the idea of "wasting" money on pricey premiums for something you're pretty sure you'll never use.


REALITY: Even if you're lucky enough to have family members willing to care for you, they may not be able to provide the level of care you require — because they lack proximity, sufficient time, technical expertise, or adequate health or strength of their own.


NEED: Your chances of having either a car accident or a house fire are about 25 percent over your lifetime, yet those odds are unlikely to convince you to drop your auto or homeowners policy.  What are the odds now if that number is 70 percent!  


The U.S. Department of Health & Human Services puts the likelihood that the average American turning 65 will need some form of long-term care at 70 percent. In truth, you have probably been wildly underestimating your own risk: The strong probability is that you will need long-term care at some point in your life.


SOLUTION: A Universal Life Insurance policy with a long term care rider will protect you in case you need the funds for long term care.....and if not, the death benefit is paid out.  This is probably the best way to preserve your assets for your heirs, spare them a large portion of the physical and financial burdens of your care, and enhance your chances of getting your personal choices of care met.


Call me to protect yourself today!  The cost for a young, healthy individual can be as little as a cup of coffee and a donut a day! 




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