Long term care/ wealth transfer

Have you considered what would happen if you were admitted into a nursing home?

Did you know an estimated 47% of men 65 and older will need long-term care during their lifetimes. 58% of women 65 and older will need long-term care at some point in their lives. We have solutions.

Going into a nursing home is a scary thought. However with expanding life expectancy, and increase in diagnoses such as dementia, it could become a real possibility. 52% of people turning age 65 will need some type of long-term care services in their lifetime. $350,174 is the estimated lifetime cost of care for someone with dementia.

Long term care insurance removes your biggest retirement worries. It allows you to maintain your independence. You can receive home healthcare in the comfort of your own home. You can protect your nest egg whether that be your IRA, 401k, CD’s, or stocks. It will help you avoid draining your investments then receiving substandard care from a Medicaid-welfare nursing home. Lastly, it will avoid putting a burden on your family. Many do not want to ask their kids or family to drop everything to take care of them full time. Plan ahead. Look into long term care solutions.