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If you decide that Long Term Care insurance is the appropriate choice to protect your assets and your family’s financial future, the best time to buy may be...NOW! 1) With a Long Term Care Plan… YOU call the shots: YOU choose who will provide the care…YOU choose where you will receive the care. 2) As the saying goes, "You buy LTC with your health and pay for it with your money..." Plan NOW while you are healthy. Should an illness arise, it may be difficult to obtain a plan … at any cost! 3) With a Long Term Care Plan…You won’t have to rely on family members to provide care that they, often times, just can’t (i.e. may not have the skills, current family obligations). 4) Premiums may be tax-deductible on 'Qualified' plans and benefits are received tax-free.(See chart below) 5) Choosing a LTC plan with Home Health Care benefits may allow you to stay at home longer and possibly avoid a nursing home stay altogether. 6) You'll save money because you’re locking in the premium now at a lower age. 7) Since the premium is lower now at a younger age, you can get lock in a plan with more benefits. 8) A LTC plan may free up assets that otherwise would have been earmarked for LTC costs--thus allowing more disposable income to enjoy life! 9) Employers can take a tax deduction for any portion of the LTC premiums paid for employees. 10) Peace of mind. You'll retain your independence, your dignity and your freedom to live worry-free of long term care costs!
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