Your family won't be burdened and you gain value by owning Long Term Care insurance in Connecticut because:
- Family members won't face the significant physical and emotional issues, which come with being your full time care giver and providing help for a long period!
- Professional assistance can be hired using the plan's benefit pool. Having this special kind of financial protection means you will be able to be in the living situation you want for as long as possible and can continue to maintain control.
- You won't have to worry about quickly using up your savings nest egg and becoming poor.
The impact this special coverage had on the lives of six individuals is highlighted in these short video stories. They also bring out the value the person received .
A common question — Will I really need long term services and support?
No one can predict what life challenges will come or say they won't need help getting around. However, we do know from the American Society of Aging (ASA), 60% to 70% of Americans 65 or older will require assistance at some time.
In thinking about this big possibility — its important to make plans for what you would want if help were needed and to do so today. These questions may be useful to help you think about what you want to happen; where you want to be; and how to accomplish your desires?
- Do you want to receive help at home?
- Who in your family could change what they are now doing and come to help?
- Do you have significant savings set aside to pay for very expensive help for an extended period? Would family members help you pay?
Isn't Long Term Care insurance expensive?
Owning what might best be called long term health insurance, is the most economical way to be prepared for the big costs, which follow a change in health. Why? Because whatever the premium might be when purchased- it's just pennies on the dollar in comparison to:
- The large amount of funds you would have to come up with to pay for help yourself!
- The size the plan's benefit pool will become in just a few years.
Bottom line — Owning this special kind of insurance means you — will Not Burden Family — can Protect Savings — will Be in Control. In addition, the plan protects your nest egg and because of the special age based tax deduction its cost can be lowered!
The focus of this site is to increase the understanding Connecticut residents have of the many values they and their family can gain by owning Long Term Care insurance. These pages provide information on:
- What's LTCi - summarizes what long term care is, how it works, and what these services cost.
- Value of LTCi - some points on what you and your family gain by having Long Term Care insurance.
- Value of Early Planning - why taking action early to protect your family is important.
- Learn More - links to information on the Connecticut Partnership for Long Term Care; videos and resources about long term services; and other information about the advantages to residents of Long Term Care insurance in Connecticut.
Want to Chat with John C Parker about how these special values will help your family? I will get back to you if not available. You can also call [860.739.0005] to talk or set a time to visit. We can visit; answer questions; and there will be no pressure!
Additional insights are posted periodically on our blog Long Term Care insurance in Connecticut.
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.
