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Takes the Burden off Your Family
Paying the rising costs of long-term care services from your own resources can quickly jeopardize your family’s financial future. Not only can long-term care costs wipe out a life-time of savings, it may also impose a physical and emotional hardship on the loved ones you’ve worked to support and protect your entire life. Without the benefits of Long-Term Care Insurance, around-the-clock care may need to be provided by your family.
Who Needs Long-Term Care?
We all have hopes and dreams about the future. After a long and productive career, we dream of enjoying our senior years in the comfort of our home surrounded by family and friends. However, just as we protect ourselves against other uncertainties and risks in life, more and more individuals are preparing for the possibility that the future may one day include the need for long-term care. According to the US Department of Health and Human Services, some type of long-term care (LTC) is required by 70% of Americans who are over the age of 65—at some point in their lives.
What is a Care Plan? (Click on link for pdf file)
What is Long-Term Care?
Long-term care consists of services to meet not only long-term medical needs but also personal care needs, such as bathing, dressing, eating, using the bathroom, transferring (to and from bed or chair) and caring for incontinence. These activities are known in the industry as Activities of Daily Living or ADLs. When such assistance is needed over an extended period of time, it is deemed “long-term care”. Long-Term is often required when someone suffers from a chronic illness or disability, including cognitive impairments of memory, orientation and reasoning.
The unfortunate reality is that paying the overwhelmingly high cost of long-term care services from your own resources can quickly jeopardize your family’s future. Not only can long-term care wipe out a life-time of savings, it may also impose a physical and emotional hardship on the loved ones you’ve worked to support and protect your entire life. Without the benefits of Long-Term Care Insurance, you may find that your options for care are severely limited. If you are unable to pay for in-home care or to stay at an assisted living facility or nursing home, your elderly spouse might need to provide the round-the-clock care that could be required. Some find that the high cost of in-home care assistance (even just a few days per week) is beyond their financial reach, leaving family members to provide 100% of the care.
Long-Term Care Insurance Helps To Shield Your Adult Children
While adult children are often willing to care for ailing parents out of a sincere sense of obligation to them, many find themselves providing this care while still working full time jobs to support their own growing families. Children who are taxed by the extensive needs of an ailing parent may suffer emotionally, as well as vocationally. Today, these individuals are deemed the sandwich generation because they face the overwhelming scenario of caring for their parents while raising their own children. Over time, providing care for an ill or disabled parent can become a part-time or even full-time job.
With Long-Term Care Insurance, you may rest assured that you will be able to receive the care and services you need without burdening family members. To learn about the wide array of benefits of Long-Term Care Insurance available through reliable, top-performing providers like John Hancock, MetLife and Genworth, contact a Royal State Insurance agent today at sales_service@royalstate.com or call 808-539-1600.
For more information on the "sandwich generation" click on this link to access KITV's "Elderhood Project: Taking Care of Elderly Parents and Kids."
Who Needs Long-Term Care?
We all have hopes and dreams about the future. After a long and productive career, we dream of enjoying our senior years in the comfort of our home surrounded by family and friends. However, just as we protect ourselves against other uncertainties and risks in life, more and more individuals are preparing for the possibility that the future may one day include the need for long-term care. According to the US Department of Health and Human Services, some type of long-term care (LTC) is required by 70% of Americans who are over the age of 65—at some point in their lives.
What is a Care Plan? (Click on link for pdf file)
What is Long-Term Care?
Long-term care consists of services to meet not only long-term medical needs but also personal care needs, such as bathing, dressing, eating, using the bathroom, transferring (to and from bed or chair) and caring for incontinence. These activities are known in the industry as Activities of Daily Living or ADLs. When such assistance is needed over an extended period of time, it is deemed “long-term care”. Long-Term is often required when someone suffers from a chronic illness or disability, including cognitive impairments of memory, orientation and reasoning.
The unfortunate reality is that paying the overwhelmingly high cost of long-term care services from your own resources can quickly jeopardize your family’s future. Not only can long-term care wipe out a life-time of savings, it may also impose a physical and emotional hardship on the loved ones you’ve worked to support and protect your entire life. Without the benefits of Long-Term Care Insurance, you may find that your options for care are severely limited. If you are unable to pay for in-home care or to stay at an assisted living facility or nursing home, your elderly spouse might need to provide the round-the-clock care that could be required. Some find that the high cost of in-home care assistance (even just a few days per week) is beyond their financial reach, leaving family members to provide 100% of the care.
Long-Term Care Insurance Helps To Shield Your Adult Children
While adult children are often willing to care for ailing parents out of a sincere sense of obligation to them, many find themselves providing this care while still working full time jobs to support their own growing families. Children who are taxed by the extensive needs of an ailing parent may suffer emotionally, as well as vocationally. Today, these individuals are deemed the sandwich generation because they face the overwhelming scenario of caring for their parents while raising their own children. Over time, providing care for an ill or disabled parent can become a part-time or even full-time job.
With Long-Term Care Insurance, you may rest assured that you will be able to receive the care and services you need without burdening family members. To learn about the wide array of benefits of Long-Term Care Insurance available through reliable, top-performing providers like John Hancock, MetLife and Genworth, contact a Royal State Insurance agent today at sales_service@royalstate.com or call 808-539-1600.
For more information on the "sandwich generation" click on this link to access KITV's "Elderhood Project: Taking Care of Elderly Parents and Kids."
