Long-Term Care Insurance

With Americans living longer than ever, long-term care goes beyond the coverage provided by health insurance, helping to maintain your lifestyle without compromising your retirement income.

No one likes to think about the potential disabilities that can occur as the body ages. We expect to live long, healthy, vigorous lives, and hope for the best. However, failing to prepare for debilitating situations can result in loss of assets and undue stress on family members, as well as leave you with limited choice as to from where or how you might receive long-term care (LTC), should the need arise.

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Long-Term Care: An Issue to be Faced

By the year 2020, some 45 million Americans will be over age 65, and 4 million will live in nursing homes. The chances are that you or someone you know will be among them. With nursing home costs now averaging $26,000 (or more) annually, individuals may quickly run through both their income and their savings if they require an extended nursing home stay. Medicare begins to provide benefits at age 65, but will not subsidize long-term care beyond one month.

old couple

Navigating Long-Term Care

As Americans age, many of us are coming face-to-face with friends and family members who need long-term care (LTC). And, as we watch others grapple with the emotional and financial consequences of a long-term care event, we can’t help but wonder what the future holds for us and how or when we should prepare for whatever may arise.

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Consider the Value of Long-term Care Insurance

Individuals who have worked hard and built up assets over the course of their careers may be particularly concerned that their savings could be affected by a long-term care event. As the costs associated with long-term care continue to rise, even those with substantial incomes and adequate retirement savings may be wondering how they would cover the costs of future care for themselves or their loved ones, should the need arise.

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Insurance products and services offered by licensed insurance agents.  Advisory Services Network, LLC does not provide insurance products and services.

Advisory Services offered through Samra Wealth Management, a Member of Advisory Services Network, LLC. Insurance products offered through Samra Insurance. Advisory Services Network, LLC and Samra Insurance are not affiliated.  Mr. Samra is a licensed insurance agent, offering insurance products and services of unaffiliated insurance companies through Samra Insurance. If you purchase insurance products and services through Mr. Samra as an insurance agent, Mr. Samra may receive commissions or other compensation.  

This additional compensation may present a conflict of interest because it creates an incentive to recommend products and services based upon compensation, rather than on your needs. Mr. Samra will explain the costs associated with any recommendations he makes.  You have no obligation to do business with Mr. Samra in his other capacities. Please be advised that Mr. Samra strives to put his clients’ interests first and foremost.

Neither Samra Wealth Management nor Advisory Services Network, LLC gives tax or legal advice. All decisions regarding the tax implications of your investments should be made in consultation with your independent tax or legal advisor.

This site may contain links to articles or other information that may be contained on a third-party website. Advisory Services Network, LLC is not responsible for and does not control, adopt, or endorse any content contained on any third-party website or articles.

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