College. Wedding. Retirement.
You plan for every major event in your and your family’s lives.
What about long-term care?
Long-term care is a significant event in your life.
What can I expect?
Discover the typical cost of long-term care in an area near you.
Keep in mind, these are today’s costs. Typically, medical costs increase more than 3% per year.
What are the options?
Take the Chance
Don’t set aside money or insure at this time
Pro: Simplicity, no planning needed, No funding now
Con: Potential large expense down the road, May not have sufficient assets, Potential burden on family
Self Fund
Create a designated account for future LTC needs
Pro: Maintain control of investments, Dedicated account for LTC expenses
Con: No insurance leverage, (watch video) Risk to your liquidity, Market timing issues
Long-Term Care Insurance
Protect yourself today against rising costs tomorrow with a dedicated insurance policy
Pro: A dedicated stream of funds, not correlated to the market, Immediate coverage today, Peace of mind for you and your family, Built-in inflation protection
Con: Opportunity cost of funds
How can I pay for long-term care?
Leveraging your existing dollars through insurance is one way to fund long-term care. Watch the video to learn how to put your “lazy money” to work for you.