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No One Wants to be a Burden
Long-term care planning is gazing into a crystal ball to do best for loved ones
Just as people welcome increased life expectancy they find the cost of care rising. This is why long-term care planning is essential to fill the gap.
Preparing for potential healthcare needs not only protects financial well-being but also ensures peace of mind for those attended to and their loved ones. The question is where to turn for advice.
Scott A. Olson, a financial planning professional certified for long-term care planning, co-founded LTCShop. He has also written, “Long-Term Care Insurance NOW!”
He and money experts at Experian, a global information services company, assessed the benefits of long-term care planning to secure people’s futures.
Good Plans Give People Hope in the Darkest Times
“A long-term care plan is what you’ll do if you — or a loved one’s — health were compromised requiring assistance for basic daily activities like bathing and dressing,” Olson said.
“Long-term care planning is hard to do since we don’t know when we might need long-term care,” he said. “That’s one of the advantages of long-term care insurance. It doesn’t matter when you might need care…
