because it protects a person's income & savings:
● when their health changes and they need "help to get around" on an on going basis.:
Officially it is Long Term Care insurance which you buy
● to protect your finances from very expensive "help to get around" expenses.
Owning Long Term "Health" insurance means:
● Loved ones won't have to assist you 24/7.
● You have a pool of funds to hire professionals to provide needed support,
● Children won't face the difficult & emotional task of helping a parent use the toilet!
getting around, eating, dressing, bathing, going to the toilet, or transferring say from a bed to a chair.
˃ Hire and manage professionals to assist you and then be free to care about you.
You can hear in this video - what some people said about buying a plan because they did not want to burden family!
● Caregivers spend an average of 20 hours.
● There are emotional & physical impacts on Caregiver - PLUS financial!
● 70% of family Caregivers have significant symptoms of depression.
> When you buy a Long Term Health plan — it works like you put an "umbrella" up over your family and finances.
> One big advantage of being at home and in charge it means — you maintain your dignity.
> Having plans funds to draw from means funds won't have to be taken out of "Mom & Dads" nest egg! Instead these savings can be retained for the healthy parent to continue a lifestyle close to what they had.
Note: Having funds to leave as a legacy says to others - their funds were used to help others not themselves.
To be able to do in these situations if:
● You have an accident or a change in health tomorrow and the MDs says —you will need help to get around for 6 to 9 months?
● Frailty develops later in life and you need assistance with your day to day activities.
˃ This page has some ideas on planning for a health change You may find them useful!
● Why? — the cost to buy a plan, so you can hire getting around assistance, goes up each year of age and the yearly step ups are big!
● One idea which may help — review this page with points on taking action today It shares ideas on how you gain by acting early.
We can review plan parts (benefits) and discuss those you are interested in to meet your personal/unique situation!
I'll get back to you if not available. You can also send a note to - Learn@JohnCParker.agency
Want to emphasize taking time to gain more understanding and sharing information means:
● you can then make a more informed decision.
When you create and apply for the best Long Term Care insurance plan for you it will involve:
● an extensive review of your medical history.
You can see highlights of the application process — here!