He says that one of the most common objections to purchasing LTCI is the pricing. Many clients feel that it is too expensive. Take a look at the attached document to view some of the benefits that clients receive when they purchase a policy...even if they never use it.
Top 10 Benefits of Owning Long Term Care Insurance (LTCI) Today...
EVEN IF YOU NEVER USE IT!
When you own LTCI, you will:
- have the comfort of knowing you and/or your spouse will never be a burden on family and friends.
- never worry about impoverishing your spouse should you require long term care.
- have the pleasure of knowing you will be free to really enjoy your retirement because your retirement assets are protected. You will never have to “wall-off” assets “just in case.”
- have the joy of knowing you will never put your children in a position of having to choose between the high cost of long term care for one parent and protecting the assets of the healthy parent.
- know you will be in the “private pay” category, entitling you to your choice of private pay care should you need it.
- be confident you will not ruin your spouse’s health by making them your primary care giver*
- substantially increase your ability to stay at home, surrounded by loved ones and friends.
- rest assured that all your current hard work, planning, investing and saving will not be obliterated.
- know your children will never have to choose between your care and their inheritance (which often includes the education of your grandchildren).
- never be forced to get rid of your beloved pet; they will always be with you – right at your side.
* “Almost 75% in the study indicated their care giving responsibilities had adversely impacted their health.” Journal of Financial Service Professionals, March 2000
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