The #1 issue Baby Boomers are facing today is the likelihood they will need Long Term Care. But the biggest and most obvious question for seniors and their Long-Term Care need is usually MONEY! How are they going to pay for it?
This dilemma could potentially become one of the biggest wealth killers the Baby Boomer generation will face. The US Department of Health & Human Services tells us 70% of seniors will need some variation of Long Term Care in their lifetime. Chances are you could live well into your 80s, your 90s and possibly even longer. When you live a long life, the likelihood you’ll need long-term health care is greatly increased.
If your vision for your later years includes sitting at home in your recliner with your pet or watching your own TV in familiar surroundings, well, you should be planning for that future today. An Asset Based Long Term Care Insurance Policy can give you the flexibility of care and financial peace of mind to face an uncertain tomorrow. Imagine having the confidence that most or all of these expenses can be taken care of. Additionally, if the benefits are not used your beneficiaries can receive a tax free benefit upon death.
Choosing the right preplanning strategy for your long term care needs is essential as our population ages. We can help you pre-qualify in just a few easy steps. If you pass the informal questionnaire (first step) we will submit a formal application (second step) for you, and monitor the entire process through to completion. Leveraging your dollars to shield your other assets from potential draw-down is a prudent defensive money strategy and it’s designed to help you live out your life in comfort and dignity without going broke.