Getting older is no fun. Many middle age adults tend to ignore the fact that they are indeed getting older, and as they cope with their own approaching mortality, they all too frequently find themselves face to face with their parents’ issues of advancing years. As these adults try to provide whatever assistance they can for mom and dad, they rue the day that they decided that long term care insurance just wasn’t worth looking into. But, what is long term care insurance?
Long term care insurance is an excellent investment, no matter what age you are when you buy your policy. Unfortunately, too many of us ignore the fact that we are going to get old someday, and we put off anything to do with forcing us to deal with our own mortality. Until it’s almost too late.
And so we wait, usually until it’s too late. By the time we see that our spouse might be needing some rehab or nursing services, the actual insurance premiums can be prohibitive.
Long term care is probably one of the most affordable types of insurance when you think about what you pay vs. What you get. Policies range from basic care for less a year, to a permanent facility.
Policies differ, as with all sorts of insurance, and you can pick and choose options according to what you can afford or according to what you believe you might need. For instance, if Alzheimer’s runs in your family, you may want to get a plan that supports the in depth level of specialized care these patients need. If everyone in your family lives till 105 and drops dead on the golf course, you may decide to purchase a lesser type of coverage.
Depending on the insurance company will depend of course on your policy now, and what type of add ons and options you are able to buy at later dates. For instance, if your 62 year old husband is in a head on collision and you find that he will need extensive long term care, you may or may not be able to increase your policy to suit the current situation.
In the end, you’ll be glad to have this type of coverage whether it’s for your parents, or for yourself.
Before you go out and buy a policy go to long term care insurance. We represent 20 of the top LTCi providers. This gives you tremendous options.
Source: www.thehealthdirectoryonline.com
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