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If you’re born between 1946-1964, it is likely that you’ll need long term care (skilled care)

An excerpt from “Skills To Pay The Bills”, I talk about the importance of planning to get long term care benefits. In 2012, a study showed that retirees were surprised at the expenses they were incurring for healthcare and groceries.
Tia: A lot of people feel like when they retire, they will be on “easy street” with expenses.
Freeman: This is especially true for middle income employees who earn between $25,000 and $75,000 per year. Retirees find that healthcare and grocery bills are two items that are more expensive than they expected in retirement.

Tia: But, many people think medicaid or medicare would pay for medical costs. Isn’t that true?
Freeman: Yes, some costs will be absorbed with medicare, but I think you’re thinking about long term care planning. Long term care is when you need skilled care. If you’re 65 or married, there’s a 50% chance that you WILL need skilled care.
I’ve heard many people say that it’s too expensive, I may never use it or I won’t qualify. There are products on the market that allow you to add an additional rider to your policy that gives you some long term care benefits. You don’t have to be in perfect health to take advantage of long term care benefit riders. So, if you’re born between 1946-1964, you may not have a pension that will outlast your retirement years, especially if you need long term care.

Tia: This long term care is something that people need to think about…
Freeman: Yes, it’s a must to acquire to protect yourself against depleting your nest egg dollars if you don’t have a long term care plan or rider for your skilled care needs.

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Don’t Wait Any Longer To Add Long Term Care

Long term care planning is something we don’t want to think about. But, it is very likely that you’ll need it. So, protect your nest egg and yourself. Add a long term care rider to one of your financial instruments as soon as possible. I can help you get it done! Call: 1.866.471.7233