The rising
cost of health care and the decreased ability of the federal government
to aid in our growing elderly population’s health needs has made long term
care insurance an essential ingredient in your clients’ control of their
future. In fact, the federal government offers long term care insurance
to all its employees and has even initiated the “Own Your Future” Long
Term Care Awareness Campaign.
Just two years of long term health care can easily wipe out the life
savings of many Americans. It can also have a devastating impact on dependents
who find themselves in the position of caretaker. As an insurance producer
in today’s world you have a responsibility to understand and teach your
clients about long term care insurance.
What is your plan?
Some people believe they can self-insure by allocating personal savings
for long term care. Once you do the math, however, you'll see
that a long term care insurance policy may be the better option.