Understand The Risk of Not Having LTC Insurance

 

Personal Responsibility

Without LTC insurance you have decided to pay your own LTC bills.

If you develop a chronic illness or disability and need the type of care that is often associated with getting older, you (or your spouse) may require long-term care (LTC).

The most common types of LTC include:

Home Health Care

Adult Day Care

Care in a facility (Assisted Living or Nursing Home)

What many people don’t realize is that if you have assets and income, these are uninsured medical expenses. If you have not allocated money to cover these potential expenses, you have potentially designated all your money for these expenses.

Only two things will pay for these potential care costs:

Your Retirement Assets/Income

Long Term Care Insurance

How much does this type of care cost?

To plan properly you actually have to look at costs today and future costs.

The calculator on the next page will help you understand this risk and the escalating costs.