A large majority of people indicate they do not want to burden family members if they need help getting around.
Interested in what people say about why they do not want to become a burden on family? This two minute Life Happens video includes comments from several people. Life Happens is a non profit organization focused on increasing understanding of the value of insurance.
Two other insightful videos from Life Happens may also be of interest. Individuals report how owning Long Term Care insurance means they will:
If what people say about the advantages in the videos is of interest it is important to insure your income and savings nest egg. You can do this by buying what I like to call a "special kind of health insurance".
Many comment - Why should I buy?
First - most of us will need help! The American Society of Aging reports 60% to 70% of Americans 65 or older will at some time. This does not just happen when we get older - 28% of men and women age 45 to 64 have two or three chronic conditions according to the National Health Interview Survey in 2010. Thus, even individuals in this age range need to think about and make plans for requiring help.
Second - significant medical advances have occurred over the years. Living longer however means the chance of developing frailties in your later years and/or having a change in health goes way up.
Many said their need for help was "unexpected". To prepare, in case an "unexpected" change does happen, ask yourself questions such as:
- What would you like to happen?
- Do you want to be home and maintain as much independence as possible? Do you have a pile of money to pay for very expensive help?
- Could a family member change what they now do to come help? Would your family help you pay for professionals?
Have a Question?
You found information and need help figuring out what it all means!
Call John today -
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?
Not in comparison to paying for professional help yourself!
- No matter how much the premium is it's just pennies compared to how much of your income & savings would be used up if you were to pay directly for all the help you would need.
- The premium amount vs the big risk of needing help is much lower than the premium vs risk for insurance on your home or a car.
The cost is also reduced some since Long Term Care insurance provides you a special age based tax deduction.
Bottom line — Buying means you — will Not Burden Family — you are insuring your Income & Savings — will Be in Control of the living situation you want - will be able to Maintain Dignity.
Helping Connecticut residents.
Surveys report insurance is confusing, frustrating, and overwhelming.
John works as a resource to eliminate the confusion. Discussions will focus on increasing understanding, be about what you want to happen "if" a change in health happens, and on the value, which can be gained from the flexible benefits.
In addition, we will discuss:
» The importance of thinking about taking action to insure your savings nest egg.
» How paying a premium provides the certainty of a known cost vs the uncertainty on how big the significant expenses, which follow a change in health, will be.
» How sharing assistance expenses between you and then plan can control plan cost!
These pages were developed and are regularly updated to share the insights of a professional Long Term Care insurance (LTCi) advisor. The information hopefully will help you make an informed and effective decision:
- What's LTCi - summarizes what long term care is, how it works, and the cost of these services.
- Value of LTCi - some points on what you and your family gain by owning 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.