Important Reasons Why Longevity Plan Should Be in Place Prior to Retirement

March 05, 2021 at 12:34 pm CST

You should be planning for a long and successful retirement.

Longevity requires an advance plan that should include addressing the impact of aging and changing health will have on you, your family, your savings and lifestyle.

“Long-Term Care Insurance is a very affordable way to make getting older easier on your family members,” said Matt McCann, a nationally known expert on Long-Term Care insurance and extended care planning.

McCann offers these reasons to consider:

1. There is a good chance you will need long-term care.

Advances in medical science allow us to live longer. People need help with normal living activities due to illness, accidents or the impact of aging. Long-Term Care Insurance will safeguard savings while providing resources for quality care.

2. Planning ahead is more affordable and provides you with options.

Long-Term Care Insurance premiums are based on your application age, health and the amount of benefits you want to have. Plans are custom designed to fit your needs. The older you are, however, the more challenging it will be able to obtain coverage.

The American Association for Long-Term Care Insurance reports 30 percent of those 60-69 are declined for coverage, and 44 percent ages 70-79 get turned down.

3. Families enjoy peace-of-mind.

Your children have, or will have, their own careers, spouses, families and responsibilities. Family members are always pleased knowing a Long-Term Care Insurance policy is in place when their parent starts having aging and health related issues.

“Your family will enjoy they will have the time to be just family,” McCann said.

4. Asset Protection provides better lifestyle and legacy.

Cost of long-term care is high and will continue to rise.

“You work hard. You don’t want all your money going to care when there is a very affordable solution to prevent it,” McCann said.

McCann suggests planning well before retirement when you can take advantage of much lower premiums and even preferred health discounts.

Matt McCann recommends several reference websites for research:

LTC News offers articles and resources: www.ltcnews.com

US Department of Health and Human Services: https://longtermcare.acl.gov/

Free LTC Quotes: www.quoteonltc.com

McCann’s website also features several outstanding resources.

McCann Insurance Services: 866.751.7957: www.mccannltc.net

[Sponsored] Matt McCann LTC Insurance Specialist Matt McCann, is recognized as one of the nation’s leading Long-Term Health Care (LTC) specialists and a nationally known speaker on Long-Term Health Care issues. Since 1998, Matt has been a leader in finding solutions for the physical, emotional and financial burdens LTC places on the American Family. He has been recognized by the American Association for Long-Term Care Insurance as one of the top specialists in the country. The AALTCI has listed him among the top 10 Long Term Care Specialists in the country. Matt is also one of the selected few specialists in the nation endorsed by the AALTCI. Matt is also certified for the Long-Term Care Partnership Programs available in most states. For more information on how McCann Insurances can help you, please visit https://mccannltc.net/