Today, people are living longer than ever but not always in the best of health. In fact, most individuals will need some form of long-term care in their lifetime. The aging process often leaves them needing assistance with activities of daily living (e.g., bathing or dressing), or they may be affected by cognitive disorders (e.g., Alzheimer’s disease). Unfortunately, the cost of care is high—and rising.
Below are a few articles to help you learn more about long-term care planning options.
Reposition Your Assets to Pay for Long-Term Care
Long-term care insurance hasn’t always received the best press. You may be concerned about rate increases or be reluctant to purchase a product you might not use. Before you decide to take the risk and self-insure, read about another option to help cover future long-term care costs: Linked-Benefit Long-Term Care Insurance. Read more here. >
If LTC Insurance Isn’t for You, Here are Some Other Options
Long-term care insurance (LTCI) isn’t for everyone. Not only is it expensive and sometimes hard to qualify for, but there’s no guarantee you’ll ever use the benefits. If you decide not to buy LTCI, here are some alternatives. Read more here. >
If LTC Insurance Is for You, Here’s How It Works
Whether you’ve had a long-term care insurance policy for years or you’re thinking of buying one, it’s critical to understand exactly what set of conditions will trigger coverage. Additionally, you should know how to file a claim, preferably before you’re on the verge of needing care. Read more here. >
We hope you find these articles informative and helpful as you think about your long-term care planning and needs. If you have any questions regarding these topics or would like discuss your financial situation, feel free to contact us or speak with any of our financial advisors. We’re here to help!