Long-Term Care Planning

What Is Long-Term Care

Long-term care is quite a bit different from general healthcare. Although some similarities may exist, long-term care typically consists of elderly care for people who have become frail or disabled. Most long-term care involves custodial tasks like bathing, eating, and tending to older people or people with disabilities. As you get closer to retirement and older age, long-term care planning can be an essential thing to get in order. While you can still take care of yourself independently, get the necessities and comforts taken care of for the future so that it does not become the responsibility of others or leads to an uncomfortable situation. Learn about all the options available to plan for long-term care and have peace of mind to enjoy your retirement. Nothing is more comforting than pre-arranging long-term care to secure the future comfort of you and your loved ones.

Planning For Long-Term Care

Long-term care planning strategies can help you arrange and afford to get the care you need, should you ever need it. Early planning can help you save money! The cost of long-term care can skyrocket as you lose more and more independence and require more attentive care. When your long-term care planning is taken care of early, you can have peace of mind knowing that’s not something you will need to navigate later in life, especially while in a frail or disabled condition. Planning your long-term care strategies before retirement can help you to live a free life without worry.

Long-Term Care Options

Long-term care planning is up to you. The options can be limited, especially if you have not established long-term care planning strategies or goals. Typically the earlier you plan, the better. Because the cost of long-term care can be wildly expensive depending on the amount of care and supervision required, as you age and need more care, that cost can go up too. That is why many people choose to or don’t have a choice but to have loved ones take care of them. Talk to an advisor today to see what kind of long-term care planning solutions can fit your needs to possibly prevent the burden of being your loved one’s responsibility or your life savings from being wiped out in a blink of an eye as you require more care with age. There is the option of Medicaid, but it can be insufficient and will only be available if you don’t meet certain financial brackets. For long-term care, there are usually better options.

Long-term care insurance is a good tool that can make long-term care planning easy and available to everyone. With various policies and ways to do it, you can save the most money and get the best care when you plan for long-term care early. Learn about the different types of long-term care insurance and find a long-term care planning strategy that works for your life.

What Is Long-Term Care Insurance

The most common way people plan for their later years and the level of care they may require typically involves some form of long-term care insurance. With the insurance structure, you can start paying for the care you may depend on in your older years while you are still young and working. The cost of a traditional long-term care policy gets determined by the coverage you choose and when the policy kicks in. The price of investing in long-term care can vary greatly depending on how far down the road you will require it and how much care you think you will need.

These days, hybrid insurance policies seem more popular than traditional long-term care insurance policies, and for good reasons. With hybrid insurance policies, you can save even more money, all while still getting the required care. A typical example of a hybrid insurance policy is a life insurance and long-term care policy in one. With many of these hybrid policies, you and your beneficiaries can save even more money on long-term care. Some specific hybrid insurance policies will allow the beneficiaries to collect the remaining benefits as long as the long-term care perks are not all the way depleted. Long-term care planning can be a great way to take care of you and your loved one’s life. When lots of expensive guardianship is mandatory for comfortable survival because of old age or disabilities from accidents, our advisors are here to guide you and your loved ones.

Make Your Long-Term Care Plan in North & South Carolina

The professional advisors at TruNorth are passionate in reviewing and analyzing long-term care planning strategies. Although we don’t sell any long-term care insurance policies, we are here to guide you as you choose your prospective or adjust your existing policies. When our analysts examine the variables like cost and type of care for each insurance policy, we can strategize the best plan to save you from overpaying for the care you will not need. Our advisors are happy to help you build a long-term care strategy that fits your needs. Consult, strategize, and implement a long-term care plan with a TruNorth advisor today and learn about long-term care planning solutions for you and your family.

Contact TruNorth Advisors to Start Your Long-Term Care Planning Today

Get started on building a long-term care plan that fits your needs with TruNorth Advisors.