• Mary Sizemore

Why Do People Plan for Long-Term Care?

Over half of long-term care insurance policyholders purchased policies because they have experienced a long-term care crisis within their own family. Long-term care has many faces – it can come on quickly or it can be a slow decline in health.


The Caregiver’s role has not changed significantly over the last 5 years. (Source: Caregiving in the US)

  • Caregivers are still offering around 24 hours of unpaid care per week

  • Nearly all (99 percent) help with Instrumental Activities of Daily Living (IADLs), which can include things like cooking, cleaning, transportation, shopping, and more.

  • Sixty percent of caregivers are helping their care recipient with Activities of Daily Living (ADLs), which includes things like bathing, dressing, eating, and using the toilet.

  • Nearly six out of 10 caregivers (58 percent) are also assisting with medical/nursing tasks.


While being a caregiver is rewarding, it can also be financially and mentally depleting. With many US households, dependent on a dual income, providing care for a loved one on an on-going basis takes a toll on the family.


With a long-term care insurance policy, your client’s family will still play a significant role in the care. But instead of having to forgo needed income and rearrange schedules, they can manage that care rather than physically provide that care. And with certain policies, they can even be paid to assist with care.


The top 3 medical conditions for a long-term care insurance claim are Dementia/Alzheimer’s, Musculoskeletal and Heart Disease. Planning for long-term care is vital to any retirement plan. Not one of us has a crystal ball to know what the future holds for us. We plan for the worst and hope for the best.


For more information on the long-term care insurance plans available in your area, please contact one of our marketing specialists at 1-800-945-1953.

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