David Shulman, CLTC
I was playing golf with 2 intelligent gentlemen in their 50’s who asked me what I do. When I told them I am a Long Term Care Insurance Specialist, each of them offered their own impression of what Long Term Care is. The first said his parents have it in case they need to go into a nursing home. The Second gentleman commented that it was for older people who cannot take care of themselves.
I realized that many people do not actually know what Long Term Care planning is all about! Simply stated:
Long Term Care Insurance is a planning tool that allows you to pay an affordable premium to protect yourself in case of an unaffordable catastrophic event.
Long Term Care Is Not Medical Care
Almost everyone believes the chances of ending up in a nursing home are remote. But please don’t confuse that with growing old and needing care. Different from medical care, Long Term Care assists a person with normal daily activities they can no longer manage. Whether your need is due to age, injury or disability, Long Term Care Insurance provides daily and/or monthly benefits to pay for the necessary care not generally covered by health insurance, Medicare or Medicaid.
It is true that Long Term Care (LTC) Insurance will pay for nursing homes, but that is the one place most of us would never want to be. Actually, LTC insurance can keep you out of a nursing home by providing funding to hire someone in your own home.
Benefits are triggered by the inability to perform two or more activities of daily living (ADLs): toileting, bathing, dressing, eating, transferring (getting from one point to another without falling) or continence. A cognitive impairment, which can include problems with memory, perception, problem solving and conceptualization, can also trigger benefits if it leads to a requirement for substantial assistance. Your own doctor is the one who certifies that care is needed.
Preserve Your Lifestyle and Well-being With Long Term Care Insurance
You may never need Long Term Care, but if you do and you’re unprepared, the consequences to your family and retirement portfolio can be catastrophic. Schneider & Shulman Associates encourage you to consider Long Term Care Insurance as a means to preserve your lifestyle, your estate and your family’s well-being. Call us for free information toll free at 1 877 View LTC ( 1-877-843-9582) or visit our website: www.ssltc.com