Back to the Basics (Part 2) Why should YOU consider Long Term Care Insurance?

The most effective way to address the above question is by asking a series of other questions:

1.      What is it that we want for our retirement?

2.      What is our definition of retirement? Will we stop working completely? Will we slow down? If we do continue to work, will it be a continuation of what we have always done or will it be something else?

3.      What do we want for ourselves? What do we want for our families and/or for those closest to us?

4.      What is our health like? Do we eat properly? Exercise regularly? Smoke?

5.      Is there longevity in our family?

I am going to address numbers 4 and 5 first because they can be answered quite quickly. If there is a history of longevity in your family, this whole topic is one that you should consider very seriously. If your parents lived to a ripe old age, you have a good chance of doing the same. Also, if you are healthy, exercise regularly (I am NOT saying you need to be an exercise fiend, but if you go for walks and are not a TOTAL couch potato), watch what you eat, and do not smoke, you are doing most or all of what doctors tell us will contribute to a long and healthy life. It is the person who has the longest, healthiest life who is most likely to need what this plan offers.

The remainder of the above questions brings us to the core of our topic. Answers may differ BUT I think it is safe to assume that we will want to enjoy this period of our lives. We will do whatever we choose, whatever we can, whatever our health and our financial position allow us to do. Frankly, the whole purpose of Long Term Care Insurance is to allow us to do EXACTLY THAT! It is the umbrella that protects us against a rainy day; the security against outliving our cash; the insurance against becoming a burden to the people we love. It allows us to stay in our homes for as long as possible or to CHOOSE where we will live should that become necessary.

Very few of us want to live in an “old persons’ home”. None of us want to be dependent on our spouse or our children. We want to enjoy our lives and live them the way we want – free of any pressure. That is what Long Term Care Insurance is for. It is designed to be there for you when you need it. The largest financial risks that seniors face are not market downturns or interest rate fluctuations, but are the medical and other costs which accompany longer lives. A male age 65 has 1 chance in 3 of needing care at some point in his life. A female age 65 has 1 chance in 2. It is up to A.L.L. Financial to help you find the right amount of protection at a cost that will fit your needs

Click these for more information on the respective topics :
Long Term Care Insurance
Disability Insurance
Critical Illness Insurance
Life Insurance
Mortgage Insurance