Did you notice you are getting older? There may even be days you might feel older.
The fact is America is getting older. Between 1980 and 2010, the number of 100-year-olds increased by 66 percent. Baby boomers are ages 52 to 70, and by 2029 more than 20 percent of Americans will be over the age of 65. American families witness long-term care and caregiving firsthand.
“Almost 41 million family caregivers in the United States are providing almost 34 billion hours of care to those who needed help with everyday living activities. That is about $470 billion worth of unpaid care. This doesn’t include the enormous amount of money being drained from savings to pay for care. This is why many American families are thinking about long-term care planning,” said Matt McCann, a nationally known expert on long-term care planning.
McCann says the financial costs and burdens of aging impact almost everyone in some way, either as a person who needs care, as a caregiver or as an employer of a person who needs to be a caregiver.
For many American families, affordable Long-Term Care Insurance is the solution to providing tax-free resources for your choice of quality care in the setting you desire. These policies work, but you must put one in place before your health changes.
“Too often, the quotes given by financial planners or insurance agents are not accurate. You should work with a specialist,” McCann said.
Additionally, according to a study completed by the American Association for Long-Term Care Insurance, as you get older, your chance of getting declined for coverage increases substantially. Since your health does change as you get older this underscores the need to plan when you are younger and enjoy better health.
With over 20 years of experience, McCann helps consumers nationwide with his unique process where they view his computer screen while they speak on the phone. He can provide accurate quotes immediately, along with professional recommendations. McCann works with all major insurance companies and can provide an easy way to design an affordable plan.
McCann says the best time to plan is in your 40s or 50s, but options are available at older ages as well. He suggests starting research by reviewing the long-term care planning guide available online: https://www.ltcnews.com/resources/guides/the-ultimate-long-term-care-insurance-guide. His website also provides information and the ability to get free quotes from all the top companies.
McCann Insurance Services: 866.751.7957: www.mccannltc.net