Next Steps

How do you develop your plan?

> Understand the odds of needing long term care.
> Recognize the true total risk.
> Honestly examine your family options, expectations and goals.
> Understand alternatives and consequences.

Independence— It starts with planning!

"Unless a man undertakes more than he possibly can do, he will never do all that he can."

- Henry Drummond -

Getting Started

Putting your legal affairs in order will give you peace of mind and make sure your wishes are followed.

Think about what you want while you have the time to think through the options clearly.

You should put your wishes in writing, just in case you cannot speak for yourself or lose the ability to make decisions.

Our Estate Planning Organizer is a great tool to get started Click Here for your copy

Odds are that sometime in your life, you or someone you love may need long-term care. The choices you make today impact the options you have tomorrow.

Do you recognize your risk of needing Long Term Care?

Most people today equate long term care with frail elderly people unable to take care of themselves.

The reality is it also addresses chronic disabling conditions as well, surprisingly, 40% of Americans receiving long-term care are adults 18 to 64 years old.

Don`t Be In Denial.

Understand the True Total Risk

Preserve the assets saved throughout your life permitting them to be used for a comfortable retirement, family members and your important causes

LTCI does not replace what families do. It lessens the burden by bringing in professionals to handle the types of care your children, relatives or friends find the most difficult, time consuming, and embarrassing.

You can find great peace of mind in knowing you will be able to utilize professionals to provide quality care in your home.

Start really examining your expectations, goals and concerns.

Most families find these points most important

• remaining financially independent,
• maintaining control,
• maintaining privacy,
• minimizing family care giving reasonabilities
• not relying on government resources
• lleaving an inheritance.

Are these goals important to you?
	Sorting out what's important means thinking about very personal attitudes and beliefs. Not everyone will have the same goals. Take time to really identify what's important to you and talk about your goals and attitudes with your spouse or other involved family members.
Taking time to sort out unwritten and often unspoken wishes can help identify potential conflicts and help clarify future directions. That's why we offer our Estate Planning Organizer !! Have The Conversation Now Sometimes parents assume their children will take care of them in their old age, and although children may well have the desire to do as much as they can, certain factors will need to be realistically considered.
	How many of us have children with the proper training or time to be caregivers? If you think your children have full-time jobs now, just talk to someone who has tried to be a caregiver for a loved one. Consider the emotional issues that arise when a son or daughter must bathe his or her mother or father.
	How many of us have children willing to pack up their families and move to take care of loved ones or are you readily going to move in with your children? These tough questions must be asked. - Please sincerely ask yourself what will be the consequences to your family if you don’t prepare now. Can you imagine what it would be like to change your parent's diapers? Which child will take responsibility? Would you want them to? Long-Term Care/Extended Care is a family matter.

Why Planning is Needed?

Don’t you want to create a plan that supports your autonomy and self-determination?

Should your plan provide you high-quality services and support delivered in a cost-effective and efficient manner in the location of your choice?

Is it possible to have a solution that allows family members to provide supervision and love without having to provide the very personal care that can be extremely embarrassing, very difficult and exceptionally time consuming to perform?

Financing Long Term Care: Alternatives and Considerations

When individuals fail to plan in advance for the possibility of changing health and the need for long term care, the choices become much more limited.

Advanced planning provides options that are not available when ones health has already changed.

Please Consider

Money alone does not buy LTC insurance! Long-term care insurance is a health-qualifying product. Your good health ensures you will be accepted by an insurance company. So, if your health changes you may not qualify for coverage.

Long-term care insurance premiums are age-based. In other words, the amount you pay goes up with your age.

And as hard as it is to believe, you will actually spend less on premiums buying earlier and paying longer than you will by purchasing at an older age (if you can still qualify).

Click here to view an example

Unfortunately, many people wait too long to consider purchasing; not making the decision until the premiums are too expensive or an illness has resulted in them being denied coverage.

These are the biggest misconceptions of individuals considering LTCI

Consider This

Today’s 55-year-old would have to save almost $13,000 a year for the next 30years (and earn 7 percent interest before taxes) in order to pay for just three years in a nursing home beginning at age 85.

You Cant Predict - You Can Prepare!

“The eighth wonder of the world is compound interest.”

- Albert Einstein -

Plan now, then all the rest is small stuff

Golf Balls

Women on the Beach

Champagne

Toasting

A professor stood before his philosophy class and had some items in front of him. When the class began, wordlessly, he picked up a very large and empty mayonnaise jar and proceeded to fill it with golf balls. He then asked the students if the jar was full. They agreed that it was.

So the professor then picked up a box of pebbles and poured them into the jar. He shook the jar lightly.

The pebbles rolled into the open areas between the golf balls. He then asked the students again if the jar was full. They agreed that it was.

The professor next picked up a box of sand and poured it into the jar.

Of course, the sand filled the open space. He asked once more if the jar was full. The students responded with an unanimous "yes."

The professor then produced a bottle of champagne from under the table and poured the entire contents into the jar, effectively filling the empty space between the sand.

The students laughed.

"Now," said the professor, as the laughter subsided, "I want you to recognize that this jar represents your life. The golf balls are the important things - your family, your children, your health, your friends, your favorite passions--things that if everything else was lost and only they remained, your life would still be full. "The pebbles are the other things that matter like your job, your house, your car. The sand is everything else - the small stuff."

If you put the sand into the jar first," he continued, "there is no room for the pebbles or the golf balls. The same goes for life. If you spend all your time and energy on the small stuff, you will never have room for the things that are important to you.

Pay attention to the things that are critical to your happiness. Play with your children. Take time to get medical checkups. Take your partner out to dinner. Play another 18 holes. There will always be time to clean the house, and fix the disposal.

"Take care of the golf balls first, the things that really matter.

Set your priorities. The rest is just sand."

One of the students raised her hand and inquired what the Champagne represented. The professor smiled. "I'm glad you asked. It just goes to show you that no matter how full your life may seem, there's always room for a good bottle of wine."

Finding a way to cover these costs can be challenging

Executive LTC Services Can Help

Avoid Having A Crisis, Plan Today !!!