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Which Check for Long-Term Care Do You Want to Write?


Planning for a successful future retirement is hard work.

When you look at future income and expenses, ideally, you want income to be greater than expenses.

Your 401(k), IRA, and other investments should be performing well. You can plan most of your future expenses – except long-term care.

Most people either forget or ignore planning for long-term care services until they are forced to deal with it.

“Too many people get into crisis management trying to figure out which account they will drain first when they need money to pay for long-term care services and supports. This is the wrong time to make these decisions,” said Matt McCann, a nationally known speaker and expert on Long-Term Care Insurance.

McCann said unless you will depend on your children to become your future caregivers, you or your a loved one will write a check to pay for care and take the time to manage the plan of care.

“At some point, a check will be written. You get to decide now the size of that check. You also get to decide now whether you burden your family or put in place a plan which will safeguard assets and income from the financial costs and burdens of aging. By planning prior to retirement, you can protect your savings and allow the family the time to be family,” McCann explained.

Longevity means there is a good chance you will require help with activities of daily living. As you get older you also increase your chance of cognitive decline, which will also require care services.

The current national average for 44 hours per week of home care is now around $4,000 per month. In 30 years, that cost is expected to be over $10,000 a month. Assisted living and nursing home costs will also increase. The annual premium for a Long-Term Care policy is very small in comparison.

“Affordable Long-Term Care Insurance is custom designed so you get to decide the amount of benefit and how much you spend,” McCann said.

Start your research by reviewing frequently asked questions about long-term care planning:

McCann assists people nationwide with his unique method where consumers speak with him on the phone while seeing his computer screen on their computer. McCann works with the major companies in the industry. He recommends these reference websites for research:

LTC News offers articles and resources:

US Department of Health and Human Services:

Free Long-Term Care Insurance Quotes:

McCann Insurance Services: 866.751.7957: