There are multiple reasons people look at and inquire, investigate—I’ve heard all these words regarding long-term care—but the number one answer, if we were playing Family Feud, up on the board would be burden. People don’t wanna be a burden on their families, on their spouses, their friends, their family, and can’t envision a child having to help them meet their needs on a daily basis.
Secondarily, people want to retain control of their lives. They wanna make their decisions. They don’t wanna be dependent on their children to make decisions for them.
They want access to quality care. Quality care is expensive, and so when the need arises, the next question is where does the money come from? A lot of times we have to help people identify which assets they would liquidate first, under what conditions would they liquidate those assets, and quite often this is a very difficult and painstaking process. But almost as much and as powerful as burden and avoiding burden on their families, people are looking for peace of mind. You know, people buy insurance to mitigate risk. And when they buy it, I tell them, I really hope you can put this policy in the safe deposit box and never pull it out. The odds are that you will you is this policy at some point, if not numerous points in your life. But I hope that when you’ve purchased this and we’ve addressed it and we’ve included it in your financial plan, that you do have the peace of mind that you were seeking.
