Long-term Care Insurance Make Dollars and Sense

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Nov 252013
 

shutterstock_61894663Whether due to old age, mental or physical illness, or injury, many people find themselves in need of assistance with basic everyday activities. As we age, it is important to have a plan in place in the event that we are no longer able to care for ourselves. When the need for long-term care arises, long-term care insurance can help with the potentially devastating emotional and financial toll that can result.

Long-term care insurance helps with the expense of assisted living or nursing home and even an in-home care professional. When you or someone you love suddenly need help with getting out of bed, bathing, cooking, crossing the room, and shopping for groceries, the expenses that come with having to pay someone to assist you can add up quickly. If you need long-term care services and have to pay to obtain them, do you have the financial resources to cover it?

There is a common misconception that your health insurance will cover long-term care. However, neither your health insurance nor Medicare will pay for this expense. The longer you wait to purchase long-term care insurance the more costly it becomes. Because it is based on your age and health status, the sooner you make the investment in long-term care insurance the better your rates will be.

It is important that you make the investment in long-term care insurance to lift the burden of care from yourself and your loved ones. It is also crucial that you consider what would happen if you were not prepared or were unable to care for an elderly parent. Give yourself and your family a peace of mind knowing that you will be covered if the need for long-term care arises.

Call OceanPoint Insurance today at 847-5200, for more information on long-term care insurance.