"Begin with the end in mind."
From Steven Covey's "Seven Habits of Highly Effective People"
Should we plan or delay?
By 50, fully half of us will need extended care before we're gone. Who will pay for that?
Premiums will never be lower. But we do know ways to save a lot of money.
Think about this: Does anyone buy extended care (LTC) insurance (or life insurance) to protect themselves? Don't they buy it because they love their spouse, children, their whole family?
Most of us want to stay home as long as reasonable. It's little known, but some of today's best plans pay for family care-givers.
Some plans offer money-back guarantees. Some even pay 3 to 5 times an initial lump sum for care, should it be needed...and if the insured passes away without exhausting the policy's benefits will remaining original premium.
What about IRAs or 401(k)s? You may be able to transfer to LTC and lock in rates (no premium increases!).
"Special Needs" planning may be augmented by LTC. Lets discuss that with your attorney.
What about your parents, siblings, adult children, or friends? 505 503-9385.
We may be able to save you a lot of money: As Independent Brokers we aren't required to favor the most expensive plans.