Long Term Care Insurance
Long Term Care insurance is a newer insurance concept for most individuals. Your local Brooke Insurance agent is here to make the process as easy as possible for you. Long Term Care insurance is not something that is pleasant to think about or to plan for. However, we spend so much time planning for our retirement that it is important to not forget to plan to protect these assets and your family from potential financial ruin. When considering something new, and in this case, something unpleasant, it’s not abnormal for individual’s reactions to be that of a simple avoidance.
- My kids will take care of me - My spouse will take care of me - The government will take care of me - I’ll wait for a few years until I need it more - I can’t afford it - I’ve got enough money to handle this on my own (great – even more reason to have the insurance, to protect these assets) |
These are natural responses that come from a childlike place that each of us possess when faced with the difficult decisions that adults have to make. We deny, procrastinate, rely on others, make excuses and use wishful thinking. We prefer to do just about anything to avoid dealing with the hard choices.
But what if you continue to make excuses until it’s too late?
Your local Brooke Insurance agent can assist you in determining if Long Term Care insurance is right for you and how much you need. Now might be the perfect time for you to sign up for Long Term Care insurance. You must have the policy in place before you need it and the earlier you sign up, the more affordable the policy can be.
Typically, someone between the ages of 50 to 60 is a prime candidate for Long Term Care insurance. Usually, in this age group, an individual is still healthy enough to qualify for affordable Long Term Care insurance rates. The younger you are when you get Long Term Care insurance, the lower your rate will be. When you get your policy, you lock in your annual payment amount for the rest of your life. Unless the company you have your policy through raises the rates on everyone that has bought a particular policy, your rates will remain the same until you enter a care facility.
You can save yourself a considerable sum of money by locking in your rate at a younger age. By procrastinating against getting Long Term Care insurance, you also run the risk of becoming uninsurable due to some unforeseen medical problem.
We encourage you to contact your Brooke Insurance agent today to discuss your options. You can’t determine all your needs from the Internet for Long Term Care insurance. There are several complicated features that are part of a Long Term Care insurance policy that can easily be misunderstood. These features are best discussed with your licensed Brooke Insurance agent.