A FINANCIAL DILEMMA…
With an LTC Plan
Without an LTC Plan
|You have a professional care coordinator who will help you plan a program of care.
|Someone in your family must take the time to do research and decide who will take care of you.
|Your family can be a part of the care planning process but do not have to be the planners.
|Your family must do all of the planning and searching for quality providers.
|You will have the money to pay for quality care and not have to deplete your savings.
|You could be forced to take between $40K – $100K out of your savings and income each year to pay for care.
|Your loved ones can continue on with their normal life.
|Family members involved with your care will be chained to your needs and may come to resent you.
|It will be easier for your family to attend to your needs out of love and not obligation.
|Your family will have no choice but to deal with your problems at their expense.
|You will be able to stay at home longer.
|You may be forced to enter a nursing home prematurely.
|You will be able to leave some of what you worked hard for all your life to your children or a charity.
|You may have to use up all of your assets to pay for care.
|You will have the peace of mind knowing that what you worked hard to attain will not be used up in a few short years by paying for care in the end.
|The biggest reason for financial failure among seniors today is the cost of long-term care.
|You would be able to stay with your children without depending on them for all of your care.
|Because your children have busy lives, they may not be able to keep you in their home and provide for your care.
|One family member won’t be stuck providing all of your care.
|Often family members come to resent one another because one feels he or she is providing more care or spending more money.
|Long-term care funds are available so that you will be able to choose what kind of care you want and who will provide it.
|You and your family may have to make choices based on your ability to pay rather than on your needs or preferences.