John C. Parker's experience, when parents needed long term services, resulted in a commitment to help people solve the problem, when on going services and support is needed, of not being a burden on family! John's recommended solution is to buy Long Term Care insurance in Connecticut.

How does Long Term Care insurance help a family?

They won't become a burden on spouse, children, or other family members because they will have access to a pool of money to pay for some or all needed but very expensive professional help. Having a pool of funds means:

• Help can be received where and when the person wants. Thus, it offsets the fear many have of "what would I do".
• Their savings nest egg won't be quickly used up. Thus, it keeps people from becoming poor.
• Family members, who become care givers for a long period, won't be faced with developing significant physical, emotional, and financial issues plus having a chance of developing chronic conditions.
• The individual and their family are provided with a sense of security plus peace of mind.

Bottom line - These short video stories bring out the value five individuals received from what might be called long term health insurance. 

Will I really need long term services and support?

• The American Society of Aging (ASA) reports 60% to 70% of Americans 65 or older will require long term services and support at some time.
• Natural changes do take place as we get older. However, more advanced medical technologies, prescriptions, etc. are adding to longer life, which in turn means we have a greater chance of developing frailties.
• No one can say they won't need help.

People often think their health will not change and then one day they will just die. However, it's important to think about what do we want to happen if we don't just die but do have a change in health. Some useful questions:

• Do you want to receive assistance at home? If so how can this be accomplished?
• Who in your family could change what they now do and come to help?

• Would moving in with family work?

What's the best way to prepare for needing help?

Taking action today and buying Long Term Care insurance! Two points on why taking this step is the most effective thing for Connecticut residents to do:

• A couple years ago some people thought they would just pay, if an unexpected need for help developed. Today savings and home equity are lower so the solution to protecting a nest egg is to spend some of these dollars and buy this special kind of protection.
• This action not only protects savings but offsets the fears they may have about what their finances will be in the future.

Does Long Term Care insurance cost a lot?

Your age and health at the time you buy are the main factors, which determine the premium for Long Term Care insurance in Connecticut. Other factors, which affect the amount of premium are:

• The size of the benefit pool you select.
• The high cost of professional long term services and support, some of the highest in the country.
• The high probability, as the ASA reports, help will be needed.

Bottom line - whatever the premium is it's just pennies on the dollar in comparison to the large amount of funds, which would be needed, to pay for assistance directly! The special tax deduction for Long Term Care insurance also lowers the cost!

Buying early is important. Why?

• Premiums are higher each year you wait to apply. Thus, taking action early means your costs will be lower.
• Your chance of a good health discount is better.
       Note: The applications of over 70% of people between age 45 to 54 were approved.
• If you were to wait and your health changes - you may not qualify for this special and very important kind of health insurance coverage.

Additional information to better understand the value you and your family will gain is on these pages:

• What's LTCi summarizes what long term care is and what these services cost.
• Value of LTCi brings out what you and your family gain by having Long Term Care insurance.
• Value of Early Planning highlights why planning and taking action early to protect your family is important.
• LTCi in the Workplace brings out the value Connecticut employers gain by having Long Term Care insurance as  an employee benefit.
• Learn More has links to information on the Connecticut Partnership for Long Term Care, resources about long term services, and the value to residents of Long Term Care insurance.

Want to protect your family and your savings nest egg? Call John C Parker today. [860.739.0005]