The longevity crisis is not only impacting American families and their finances, but it also impacts employers as their employees must spend time and money providing caregiving for older family members.
One of the results of the virus crisis will be changes in long-term care. These changes should bring even better quality and safeguards. As more Americans need extended care, preparing is essential before retirement.
158 million people in the U.S. are ages 41+ preparing for hopefully a future successful retirement. Costs are increasing and an advance plan is essential.
People in nursing homes and assisted living are facing isolation and loneliness due to the virus crisis. This adds additional challenges for families in addition to the cost of long-term care.
The recent COVID-19 virus crisis shows us the many challenges of long-term care and caregiving. Many existed prior to this crisis. Advance planning, including LTC Insurance, makes future long-term care easier and affordable.
It happened fast. An unexpected event caused panic in the markets. The virus crisis changed how we live and work, as least for the time being. This loss of independence is similar to the fear many older people feel as they age.
The virus crisis will result in many changes just like the impact of 9/11 had on the country and the world. These changes will affect all areas of business, health and long-term care.
In an uncertain world, the value of affordable Long-Term Care Insurance has never been greater. Guaranteed tax-free benefits will safeguard savings and income and reduce family stress no matter what crisis is occurring.
The virus crisis is especially harmful to those you are older, in nursing homes and have pre-existing health issues. Get the facts and take precautions.