Long Term Care
Are you protected?
Are you protected?
Long term care (LTC) is the type of assistance people need to perform activities of daily living. LTC needs typically arise as part of the normal aging process, but can also be due to an injury or illness, such as multiple sclerosis, stroke, rheumatoid arthritis, or due to a cognitive impairment, such as Alzheimer’s disease.
LTC and health care issues can have an extremely adverse affect on retirement if not addressed. When approaching or reaching retirement, it’s imperative to understand the affect an unforeseen illness or injury can have on a retirement portfolio. A typical married couple who have built a “nest-egg” for retirement are the most at risk. Please take a few moments to read Judy and Ron’s LTC case study at right.
“For many people, a failure to plan for LTC expenses can lead to financial devastation. LTC expenses can easily approach $200,000 during the average length of LTC treatment, whether care is provided at home, in an assisted living facility or in a nursing home”.*
Retirement Solved will work with you to understand the risks and what you can do about them, in advance of an LTC incident. We begin by completing a complimentary Retirement Evaluation that includes a Health Care Cost Assessment to review potential health care costs you may face in retirement. Based upon your current health condition, family medical background and other factors, we’ll prepare a report assessing your expected costs. We’ll then prepare a long-term care strategy to effectively address and tackle these potential expenses. Your best defense is a good plan.
For your Complimentary Retirement Evaluation, or for more information, please contact us using the form below.
Our affiliate advisors can perform a number of different assessments to help you determine if you’re on the right track. Submit your details and we’ll be back in touch shortly. Feel free to email us at: firstname.lastname@example.org.
A person at age 65 has a 70% chance of needing some type of long term care during retirement, but fewer than 8% actually carry any type of long term care insurance.