Prepare today for possible long-term care expenses

No one wants to think about being debilitated by a health problem later in life. If you are concerned about increasing health care costs, now may be the time to consider long-term care insurance.

Escalating costs

Expenses for health care can add up quickly. Long-term care insurance may be practical to consider to help protect your wealth. In-home care costs for 2024 are anticipated to be $5,417 monthly and nursing home costs are expected to be $8,641 monthly, according to Genworth Cost of Care Survey1.

Self-insuring is an option, but it comes with challenges:

  • Potential to become a financial burden on loved ones
  • Diverting assets from retirement income or your legacy

Insurance options

One solution for covering long-term care expenses is a life insurance policy, with a long-term care rider. It offers flexibility, convenience and value while allowing you to protect and transfer wealth to the people you care about.

Contact me today to learn more about long-term care strategies and solutions available to help you feel more confident about your financial security.

Daughter and mother planning finances

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