For many people, the phrase “long-term care” evokes an image of an elderly person in a nursing home. If you’re young and have had the good fortune of never having a family member require either skilled nursing care or other kinds of long-term care, this image seems far away and like something you don’t need to worry about until much later, if at all.
The cold hard reality is, 50% of people will require some kind of long-term care during their lifetimes. This care is usually delivered in the home, by and 8-to-1 margin. It is administered to older people but also to people who have had a catastrophic accident or illness. It extends to people who have cognitive issues, and people who have physical issues. Unfortunately, accidents can happen at any age. And most importantly, this care is required for far longer and will be far more expensive than you can ever imagine.
The long-term care industry has gone through a lot of upheaval lately. There are excellent products out there, but knowing which ones are suitable requires not just the expertise of an insurance agent, but an agent who has completed multiple hours of intensive training to achieve special certification, renewed every two years. Regardless of whether a long-term care policy is right for you or not, you need a plan. At CCI Advisors we are certified experts in creating a long-term care plan for you.