John C. Parker's experience, when parents needed long term services, resulted in a personal commitment to help people understand, become comfortable with, and prepare in the most economical way for needing on going services and support.
How does Long Term Care insurance in Connecticut help a family?
- Investing in this special kind of protection means you won't become a burden on your spouse, children, or others. How? Your plan's ever growing special benefit pool will be there to provide funds to hire professional assistance.
- Family members won't face the significant chronic physical and emotional issues, which come with being a full time care giver for you for a long period!
- You won't have to worry about quickly using up your savings nest egg and becoming poor. Taking action to invest in this special kind of financial protection and doing so early means you won't lose control.
Bottom line - These short video stories bring out the value six individuals received .
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. Thus, an effective thing to do is sit down and imagine what you want to happen if assistance with day to day activities is needed. The following questions may help you become comfortable with the possibility of using assistance and consider what type of help you would like; where you want to be; and how your desires can be accomplished?
Note: The American Society of Aging (ASA) reports 60% to 70% of Americans 65 or older will require assistance as some time.
- 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 expensive help for an extended period? Would family members pay?
Does Long Term Care insurance cost a lot?
Your age plus your health situation at the time you invest are the main factors, which set the premium for what might best be called long term health insurance. A couple other factors, which effect the cost of your plan are:
- The size of the benefit pool and the years of coverage you select.
- Professional long term services and support in Connecticut have some of the highest rates in the country.
Bottom line - whatever a plan's premium might be 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 professional assistance yourself! Thus, investing in Long Term Care insurance is the most economical and effective way to be prepared for a change in health. The special age based tax deduction lowers the cost!
The focus of these pages is to help Connecticut residents better understand the many values they gain from Long Term Care insurance and the high probability help will be needed. Making an investment in this special kind of protection means you - will Not Burden Family - can Protect Savings - will Be in Control:
- 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 of Long Term Care insurance to Connecticut residents.
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. The purpose of a visit will be to answer questions. There will be no pressure!
Additional information is posted periodically on the Long Term Care insurance in Connecticut blog. Our Facebook page is - 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.