You May Not Be Able to Afford Long Term Care without Insurance

Many people don’t realize how expensive long-term care costs are.  As more people continue to age, the costs only continue to rise. This is why it’s important to consider the purchase of long-term care insurance.  Without this insurance, long-term care can be unaffordable.  Take a look at the information below, to better understand the use of this insurance.  If you have any questions, or if you need help selecting a long-term care insurance policy, contact an estate planning attorney.

Consider All Future Expenses

It’s important to have a plan in place for all of your future needs.  This includes preparing an estate plan that protects you and your loved ones throughout lifetime.  It’s also important to consider long-term care so that you’re not left to deal with costly care bills.

Long-term Care Can Cost $120,000 Per Year

Depending on the care that is needed, your care bills could be extremely high, over $120,000 a year.  This means that all of your money may go to these bills, making it impossible to live a normal, healthy, and comfortable life. Not planning for your long-term care needs may mean that you’re putting yourself in financial danger.

Long-term Care Doesn’t Mean Nursing Home Care

With long-term care needs, a variety of care services are covered.  This may include nursing home care, at-home care, rehabilitation services, and more.  There are a variety of policies to choose from so that all of your needs are met. It’s important to think ahead when choosing a policy, so that you’re always prepared.

Consult with a Qualified Estate Planning Attorney

Don’t put off this important aspect of planning.  Make sure that you have the financial means to pay for all of your future long-term care needs.  This will allow you to live a better life and get the help that is needed.  If you have any questions, or if you need help selecting the best long-term care insurance policy, consult with a qualified estate planning attorney.

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Michael Robinson, Estate Planning Attorney

Clients notice Michael Robinson’s unique approach to his estate planning practice the minute they walk through his office doors.

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