We all know the importance of having home insurance, car insurance, dental insurance, and many types of health insurance. However, many often neglect to secure a very important insurance that is critical—especially as we age.

Long-term care insurance is not often thought about---until it’s needed. As dynamite of a planner as you may be, even the most thorough plans may not prepare you for the costs associated with long-term care--- whether the cost is expected with age or unexpected with an unfortunate turn of events.



What is Long-Term Care?
With many Americans living longer, you may one day need help with activities of daily living. Getting additional assistance, whether in-home or within an assisted living community, is a form of long-term care. Long-term care will help you maintain your lifestyle if age, injury, illness or cognitive impairment prevents you from doing it on your own.

Where do you get long-term care?
As with any type of insurance, you should shop around and compare rates. Look at all products as it relates to your budget and your potential need. Like all insurance, you should do due diligence and pay close attention to the policies terms and conditions, and pay special attention to the deductible. There may be restrictions on the types of care or living environments covered. There could also be a hefty deductible required before the insurance kicks in.

The bottom line is that you should start your research now. The earlier you buy long-term care insurance, the less expensive it will be. Start shopping for long-term care insurance no later than your late forties when you are still young enough to qualify for an inexpensive policy. However, if you are older, all is not lost. US News suggests that if you are nearing your retirement there might be options to merge your life insurance coverage with your long-term care insurance. Getting creative may allow you to replace one line item with another.

If you want to learn more about long-term care insurance, Dogwood Forest of Grayson can help. We are an educational resource and will put you in contact with long-term experts to help you along the way. Call us today at 678-496-2319. www.dogwood-forest.com/Grayson