Long-Term Care Insurance
What is the life you want in your retirement years? Long term care is really a retirement issue. LTC should be part of a comprehensive retirement plan.
The goal of retirement planning is to ensure that we have sufficient assets to generate a comfortable and desired level of income we cannot outlive. If we
are forced to invade assets to pay for an illness that requires long term care, we will have less retirement income. If we have an additional goal of leaving an
asset base to our family, that too will be invaded by the cost of long term care.
The cost of long-term care, should we need it, can quickly deplete our life's savings. For instance, having a home health aide visit just three days a week
can cost more than $20,000 annually. Full-time nursing home care, the most expensive type of care, can average more than $60,000 per year. In some
regions of the country, like the Northeast, the cost may be twice that amount.
But what are the odds that we will need these kinds of services? The odds are greater than we might imagine. The longer we live, the more health
problems we are likely to develop. There is about a 50 percent chance we'll need some type of long-term care after age 65. And long-term care services are
not just for older people. A young or middle-aged person who has been in an accident or suffered a debilitating illness may very well require long-term care
services. In fact, 40 percent of patients receiving long-term care are under age 65.
Long term care insurance is a something we should all seriously consider as part of our overall financial plan. Brown/Schmader Associates can help
you decipher just the coverage you may need to give you and your family peace of mind. We will ask what your concerns for your future and that of your
family are. Long term care is not just about us, it is about those who may be contributing to our care; often that is family. LTC Insurance will provide the
dollars we need to decide where, how and who provides for our care. It provides us with choices.
From basic coverage of term LTC to comprehensive plans offering flexibility and added value, you can count on Brown/Schmader as your partner in
affordable planning.
Click here for a Long Term Care Quote Request
What is the life you want in your retirement years? Long term care is really a retirement issue. LTC should be part of a comprehensive retirement plan.
The goal of retirement planning is to ensure that we have sufficient assets to generate a comfortable and desired level of income we cannot outlive. If we
are forced to invade assets to pay for an illness that requires long term care, we will have less retirement income. If we have an additional goal of leaving an
asset base to our family, that too will be invaded by the cost of long term care.
The cost of long-term care, should we need it, can quickly deplete our life's savings. For instance, having a home health aide visit just three days a week
can cost more than $20,000 annually. Full-time nursing home care, the most expensive type of care, can average more than $60,000 per year. In some
regions of the country, like the Northeast, the cost may be twice that amount.
But what are the odds that we will need these kinds of services? The odds are greater than we might imagine. The longer we live, the more health
problems we are likely to develop. There is about a 50 percent chance we'll need some type of long-term care after age 65. And long-term care services are
not just for older people. A young or middle-aged person who has been in an accident or suffered a debilitating illness may very well require long-term care
services. In fact, 40 percent of patients receiving long-term care are under age 65.
Long term care insurance is a something we should all seriously consider as part of our overall financial plan. Brown/Schmader Associates can help
you decipher just the coverage you may need to give you and your family peace of mind. We will ask what your concerns for your future and that of your
family are. Long term care is not just about us, it is about those who may be contributing to our care; often that is family. LTC Insurance will provide the
dollars we need to decide where, how and who provides for our care. It provides us with choices.
From basic coverage of term LTC to comprehensive plans offering flexibility and added value, you can count on Brown/Schmader as your partner in
affordable planning.
Click here for a Long Term Care Quote Request
| Brown/Schmader Associates Members of the Solon Chamber of Commerce Dave Schmader Solon, Ohio 440-248-5258 Dick Brown Chagrin Falls, Ohio 440-247-5180 |
©David M. Schmader July 2004, February 2005. March, 2007. May, 2008
| Brown/Schmader Associates Insurance for Individuals, Professionals and Small Businesses Life • Health • Annuities • Long-Term Care • Employee Benefits • Business Succession Planning |