Keith Williams Insurance Associates

The month of November is National Long-Term Care Awareness Month; I thought I would share some helpful information with you regarding Long- Term Care.

Here is an excerpt from Dave Ramsey that explains very eloquently what Long-Term Care is.

"When you imagine your retirement, you probably picture yourself in your dream home, on a boat or at the very least living a contented lifestyle. But if you don't plan for the setbacks that life can throw at you, your retirement fund might be wiped out.

What type of setbacks am I talking about? I'm talking about assisted living, nursing homes and other long-term care needs.

No one wants to think about having to place yourself or a loved one in a long-term care facility. But, sadly, many people must face this harsh reality every year. According to the American Association of Home and Services for the Aging, 69% of people will need some form of long-term care after age 65.

The big problem

Most health and disability insurance won't pay for long-term care. Therefore, people who have not planned ahead for such a situation have to use their retirement money to cover the costs. And the costs are expensive. Long-term care can cost up to $300,000 and more over the course of just 3 to 4 years.

Medicaid will only cover those who qualify, so that's not an option for most people. And don't make the criminal mistake of moving assets out of a parent's name to qualify for Medicaid. That's fraud-a federal crime-and the government will prosecute.

How to protect yourself

Thankfully, there are plenty of relatively inexpensive insurance options that can protect you and your retirement account.

Long-term care insurance covers bills for nursing homes and at-home nursing for those unable to care for themselves, which can include people suffering from Alzheimer's disease and much more.

Again, without insurance, you can significantly deplete-if not clean out-your retirement income."

I hope this has given you a little insight on Long-term care and the importance of having a good Long- term care insurance policy. You will enrich your life and the lives of your family members by helping you maintain your independence and giving you peace of mind.

Please do not hesitate to contact me and let us put together a Long-term care insurance proposal for you or a loved one at no cost or obligation.

Have a great Thanksgiving holiday!

Keith