Sep 25
Excuses for not buying long term care insurance
When you think about your plans for retirement, a nice place to live, traveling, playing golf and leaving an inheritance for loved ones may all be part of your plan. Sounds lovely. But what will happen to your plan if you become unable to care for yourself due to an illness, accident or maybe just the effects of getting older? You’ll need some type of long-term care, and that won’t come cheap.
The LIFE Foundation explains basics and urges you not to let “common excuses” prevent you from getting the coverage you need. Have you said the following lately?
- I can’t afford it
- I won’t need it
- My health insurance, medicare or medicaid, will pay for my care
- My family will take care of me
- The buying process is too hard
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October 2nd, 2007 at 7:13 pm
None of those excuses for avoiding LTC insurance hold water. Even an individual with a supportive, loving and well-intentioned family can find themselves in a situation which requires more specialized care than the family members can manage. In addition, the financial costs of such care can lead to an overwhelming burden for extended family members, as well. LTC insurance simply makes sense, no matter how you look at it.
Jerry
http://www.leads4insurance.com