Long-term care is one of the most overlooked parts of financial planning, but it’s also one of the most important. None of us like to imagine a future where we can’t fully care for ourselves, but the truth is that nearly 70% of adults over age 65 will need some form of long-term care.
What does that look like? It might mean:
- In-home care services
- Assisted living
- Nursing home care
- Adult day health programs
These services are expensive, and traditional health insurance or Medicare typically doesn’t cover them. Without a plan, the cost often falls to family members—both financially and emotionally.
Why plan now?
- You lock in better rates when you’re younger and healthier.
- You avoid placing financial pressure on your spouse or children later.
- You gain more control over how and where you receive care.
- You protect your retirement savings from being drained by care costs.
There are different ways to plan: standalone long-term care insurance, hybrid life and LTC policies, or setting aside dedicated savings. Whatever your approach, having a plan is better than no plan.
Think of it as a gift to your future self and to your family. Planning ahead ensures your care will reflect your wishes, not just what’s available.
Have questions about your long-term care options? Start the conversation with us today, contact Professional Insurance Programs at 800-637-4676 or info@profinsprog.com.