Most people do not want to burden family members if they were to need help getting around.
Why? This two minute video on why some do not want to burden family may be helpful in understanding things you gain with Long Term Care insurance. It was created by Life Happens, a non profit organization.
Additional advantages to this special kind of insurance are brought out in two more Life Happens videos:
- Being able to receive quality assistance from professionals.
- Continue to be in control and thus have peace of mind.
Many people say the change in health, which caused them to need assistance, was "unexpected".
There is an old saying - "Life is what happens when you are making other plans". It emphasizes - preparing for an "unexpected" change in health is so important since no one can predict tomorrow. Ask yourself these questions about the lifestyle you hope for in the future:
- Do you want to stay at home?
- Do you want professionals to assist?
- Do you have a pile of money to pay them? They are very expensive.
Another point to think about - can someone in your family change their life and work to come help? Could family help you pay for the assistance you need?
Many people report, after thinking about the life situation they would like, they do not want to run out of the money. Long Term Care insurance provides a special pool of funds so quality professional assistance can be hired. Thus, a person — can Be in Control of their living situation — can Maintain Dignity — will not become a Burden on loved ones.
Have a Question?
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for answers and to talk about the values you and your family gain by insuring your savings nest egg and income.
Isn't Long Term Care insurance expensive?
Compared to the income & savings needed to hire professionals directly the cost of a plan would be just pennies. One way to think about this — the risk of needing help is much higher than the risk your home or car insurance will be needed, which people automatically buy.
Then too, the cost of a plan is not just to provide funds to hire professional assistance it means you have insured your hard earned income and savings nest egg. Thus, most will still be available to support your spouse or for other plans.
Long Term Care insurance's special age based tax deduction also lowers your cost.
Helping Connecticut residents.
Surveys report insurance is confusing, frustrating, and overwhelming.
John's focus is to eliminate the confusion about Long Term Care insurance. We will also discuss:
» How paying a known amount gives you certainty vs the uncertainty of facing an unknown amount of significant expenses.
» How buying a plan where you share what you pay and what the plan pays is a good way to gain this important protection and control your cost!
LongTermCareIns-CT.com was developed and is regularly updated to share the insights of a professional Long Term Care insurance (LTCi) advisor. The information in the following pages hopefully will help you make an informed and effective decision on this complicated insurance:
- What's LTCi - summarizes what long term care is, how it works, and the cost of the services you may need.
- Value of LTCi - some points on what you and your family gain when you own this special kind of "family protection insurance".
- Value of Early Planning - why taking action early to protect your family is important.
- LTCi in the workplace - ideas for employers on the value of implementing a Long Term Care benefit.
- Learn More - links to information on the Connecticut Partnership for Long Term Care; resources and videos about long term services; and the advantages to residents of owning Long Term Care insurance in Connecticut.
Additional insights are posted periodically on the Long Term Care insurance in Connecticut blog.
John C Parker, has achieved professional designations as a Long Term Care Insurance professional and a Registered Health Underwriter. John is licensed to conduct business in CT (644135) and RI (1058420) and does not solicit or sell in other states.
This site shares insights from extensive involvement in professional associations, industry conferences, working with leading Long Term Care Insurance organizations, and individual research. These pages do not advocate a specific company or plan.