Most successful Individuals try to prudently protect themselves against risks. These are turbulent times there are Market, Interest Rate, Political and Health risks. Yet the largest catastrophic financial risk for many people is the potential devastating cost associated with Long-Term Care.
It is so convenient to talk yourself into believing that it can’t happen to you. Some facts: you have a 1 in 1200 chance of losing your home in a fire, 1 in 240 chance of having a major auto accident a 1 in 2 chance that you will need Long-Term Care at some point in your life. What is the Cost? We are talking about five, ten, fifteen or even 30 years from now. Costs could exceed a million dollars.
You could self-insure and use up money for your retirement reduce your partners standard of living or take away your family’s legacy. I am not trying to scare you, only impress upon you the need to create a Long-Term Care Plan.
Long Term Care is the only risk that can, when it does happen causes you emotional, physical, psychological, mental wellbeing, financial hardship as well as your dignity.
I have been in the business of Long-Term Care planning for over 30 yrs. and it even blindsided me but, I am glad I had a plan in place. I would like to share my video with you and have a discussion with you for a plan to create your own individual custom Long-Term Care coverage. The current IRS and Tax Law changes may result in creating a Long-Term Care Plan without any out-of-pocket costs.