Long-Term Care 101
The thought of someday needing your kids to leave work early so you can get to the doctor’s office or the hair dresser seems like a scene out of a bad movie. But the reality is this happens all the time.
Nearly 70% of Baby Boomers will need some type of additional support because of a physical or cognitive illness after age 65. Unfortunately, this support without any sort of coverage is expensive.
When you’ve worked hard to build your assets over the years, cashing in on your home, your savings, and retirement accounts to pay for home health care or assisted living shouldn’t be an option.
Long-term care insurance has been gaining popularity because of its ability to protect your assets and help you live independently for as long as possible. Watch our animated tutorial below to get a better idea of how long-term care insurance works.