Marian L. Bayham

Summary

THERE ARE SOME MISTAKES YOU CAN’T AFFORD TO MAKE... Long Term Care Insurance (LTCI) is often viewed as a luxury only some can afford. I can tell you though from years of experience that the truth is, LTCI is protection you can't afford to ignore. IN THE BEGINNING... In the early days of Home Owners Insurance, that same thought process prevailed. Families would self-insure their homes in the event of a catastrophe & for a while, that was a reasonable option. Then home prices began to rise and people began to recognize that while they may never have to take advantage of an insurance policy, not having one could prove catastrophic. Over the course of a 30-year mortgage on a $250,000 home, the average homeowner will pay $30,000 worth of insurance. Most homeowners will tell you it’s worth it. The same holds true for LTCI. ONLY 2 MISTAKES... There are really only 2 mistakes you can make with long-term care: ☛ MISTAKE #1 You get long term care insurance; live a long, happy & healthy life, & die in your sleep without needing LTC. You might have paid $50,000 to $75,000 for the insurance over a 30-year period, depending on when you got your insurance, what your premium is & when you pass on. ☛ MISTAKE #2 You self-insure, need care & end up paying out-of-pocket $300,000 to $1M for LTC expenses. Not only do you pay LTC expenses yourself out of your own pocket, but the burden of care giving is placed on your spouse and/or family, which has devastating consequences from a physical, mental, emotional, & financial viewpoint. When you compare the two mistakes, paying $50,000 to $75,0000 & not needing to use your LTCI policy or Mistake #2 paying for LTC expenses out of your income & potentially exhausting your entire retirement portfolio, which one would you rather make? LET ME HELP YOU... I’ve been told that helping people plan for extended care in their home or in a facility is a part of my DNA! ☎ Contact me @ 916-257-0795/ 866-826-3582 or marian@LovingLTC.com