The Need For Long Term Care Planning

Long Term Care (LTC) Insurance provides coverage to qualified people who are severely cognitively impaired or need assistance with at least 2 of the 6 activities of daily living (ADL's).  

There are many factors to consider when determining whether long term care is appropriate for you or a loved one. How much assets do you want to protect? How and where will you receive care if needed? Do you have family and friends that can assist with some of your needs and are they willing to assist and are you willing to burden them?

What impact would requiring long term care needs have on your family and finances?

Have you had a family member or close friend who required care?

What was the financial impact? What about the emotional impact?

Below are two excellent articles regarding long term care.

National Care Planing Council

https://www.longtermcarelink.net/eldercare/why_long_term_care_planning.htm

AARP

https://www.aarp.org/health/health-insurance/info-06-2012/understanding-long-term-care-insurance.html

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