In today’s ever changing society, it is important that we think about our future needs. No longer do children remain living in their parents’ homes or vise versa to take care of them once they age. Additionally, our evolving society has changed our life span expectancy, with many individuals living past 80 years old. To ensure that you are able to receive the care you deserve in your golden years, it is important that you have the right policies in place.
While you may be inclined to assume your retirement fund will cover it, the expenses of assisted living, elderly care, and nursing homes can easily deplete those funds in a short period of time. In order to feel confident about your future security and care needs, it is important that you obtain both a long-term care insurance policy and a moving life insurance policy.
A long-term care insurance policy will provide you with expense coverage for assisted living facilities, nursing homes, and elderly care. Holding this policy will allow you to determine whom cares for you and where you will be staying. A moving life insurance policy will provide you with funds for everything outside of your care. This means you will be able to continue paying mortgage payments on the home of your dreams and any other expenses will be taken care of.
While you may be inclined to view these policies as a purchase for later on in life, these policies continue to become more and more expensive as you age. Therefore, purchasing these policies as soon as you start your career or become financially capable can prove to provide you with ease in your golden years. Early purchase allows you to accrue more value to your policies, meaning less worry about the future.
Contact Lou Aggetta Insurance Services in Pleasant Hill for all of your California long term care insurance needs. We will go above and beyond to ensure that you receive the security and protection you deserve in your golden years.