Long Term Care Planning

Care or Companionship?

Chances are most of us will need help at some point in our lives. In fact, those age 65 and older have a 70% chance of needing long-term care services at some point, according to the U.S. Department of Health and Human Services.

Where will that care come from?

Relying on family to care for you is an appealing option. You have their love and trust, and it’s comforting to know they would care for you and ensure your well-being.

At what cost?

But what many don’t consider is the difference between a companion and a caregiver. Having family to assist you is great, but studies show that relying on them day in and day out for your personal care takes a toll on their physical and emotional health. Family members who work and provide caregiving services for a loved one are much more likely to suffer from stress, anxiety, or depression than those who aren’t caregivers.

Plus, many caregivers suffer long-term work and financial consequences from providing care. The majority of caregivers reported missing work or being late because of their caregiving responsibilities.2 In addition, 71% of caregivers say their financial contributions cause them stress, and many contribute even though the cost could put their own financial future in jeopardy. In fact, one-third had to cut back on their own expenses.3

The Solution Planning or

Long-term care insurance is a good solution to this problem. It generally pays for care when you need it and where you’d like to receive it. The majority of people who rely on care as they age get that care at home. Long-term care insurance can pay for a wide range of care, from help with housework to visits from a nurse to care in an assisted living or nursing facility, if needed.

Long-term care insurance gives you options and allows your loved ones to spend quality time—not caregiver time—with you.

Retirement Planning

One of the greatest potential risks faced by America’s elderly is the need for long-term care.

Long-term care insurance transfers a portion of the risk of long-term care expenses to an insurance company helping to protect you and your family from potentially devastating expenses.

Did You Know?

Who are today’s family caregivers?*


Adult Day Care Community Day Care


Assisted Living Facility Adult Foster Home Residential Health Care Apartment-Like Conditions


Family Caregivers Today

Nursing Facility Nursing Home Institutional Care Facility (Due To Necessity)


Hospice Care End Of Life For The Terminally Ill (Six Months)


Home Health Care In-Home Care


*Caregiving in the U.S. 2020, National Alliance for Caregiving and AARP
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