Asset Based Long-term Care Insurance

When it comes to protecting your hard-earned money from long term care costs, wouldn’t you prefer to have your cake and eat it too?  Yes, it is possible to protect your assets from getting caught up in costs associated with getting older AND keep an extra cushion of life insurance for your heirs just in case you’re fortunate enough to avoid needing long term care all together.  All of this is made possible with asset based long-term care.  These policies are indeed hybrid, as they usually consist of multiple coverages combined into one policy, creating the ultimate “just in case” coverage that is right for you and flexible enough for life.

Life Never Goes As Planned, So Why Not Cover All of Your Bases?

No matter how hard they try, even the most organized person can’t be prepared for everything in life.  For the most part, you probably have a pretty good idea about what you might eat for breakfast the next day, but beyond that, no one really knows when life is going to throw a curve ball.  It is because of things like this that hybrid long term care insurance exists.   The basics of this plan include coverage in the event that you need specialized care, benefits for your heir(s) if you don’t, and the option to back out entirely if you decide the policy isn’t right for you.

Because everyone’s financial, family, and health situation is different, working with a provider to make sure that all of your concerns are met can certainly put your mind at ease.  And since your coverage is all under one nice big umbrella, you won’t have to worry about keeping track of multiple premiums.  Hybrid long term care insurance really seems like the best of both worlds.

Get Peace of Mind with a Plan

Discussing the “what if’s” of life can be frustrating and scary, but it will be easier for everyone involved if you have some kind of plan in place.  That way, the people who mean most to you will know what to do in certain situations and be able to assist you in the even that you do need health-related assistance or to carry out your last wishes with confidence.  If you do not have an estate plan yet, or if you wish to update an existing plan, The Elder Care Firm can help you and your family make the necessary preparations to protect your assets and make sure the proper documents and instructions are in place.  Contact us today and have peace of mind that you are protecting everything you worked so hard to build.

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