Planning for Long-Term Care
Do your financial or retirement plans include protection against long-term care expenses?
They should! If you are like most people, you have insured your health, your car, your life, and your home. You have probably worked hard to accumulate assets for your retirement years. But what if you needed long-term care? Long-term care is a risk that can impact or even derail all of your carefully thought out plans. Start planning now.
Long-Term Care (LTC) Insurance can help you protect your assets from the high cost of long-term care. A catastrophic illness, such as a stroke or Alzheimer’s disease, can cause unexpected financial hardship. If you are 45 years of older consider these facts:
- The staggering statistics on health-care costs show that they rise much faster than other services.
- Advances in medical and pharmaceutical technologies are allowing us to live longer lives, but they carry high price tags and rise quality of life issues.
- Health-care costs can strip you of your assets if you are not prepared.
Generally, long-term care is the care that people need when they can’t perform the tasks of ordinary living independently. It isn’t a subject that most of us care to dwell on. However, the failure to discuss or plan for the high cost of long-term care is causing American families to be unprepared to meet the high costs of long-term care.
For these reasons, Halliday Life and Health provides the tools and services to explore the characteristics, price and qualification requirements of some of the nation’s best LTC insurance policies.
We compare the relative strengths and weaknesses of carious policies and find the most advantageous underwriting parameters for your specific health concerns.
At Halliday Life and Health we go above and beyond traditional services. Our experts become personal advocates guiding you through the complex process, consulting and working with underwriters, and negotiating on your behalf to obtain the policy that best serves your needs.
Additionally, we provide individuals with a comprehensive benefits analysis of all New York contacts as well as premium comparisons.
Consider This!
There are many reasons why people buy long-term care insurance. Do any of these apply to you?
- Preserve your independence
- Guarantee your choice of care and caregivers (allow you to stay at home as long as possible)
- Protect your assets and standard of living
- To avoid being a burden to your family
- To leave more assets to your family, church, alma mater, or other worthy cause
- Peace of mind