How should I approach Long Term Care with my family?

Let them know that Long Term Care (LTC) coverage is no longer viewed as “nursing home insurance”, but as asset protection; a major part of estate planning.  They worked all their life to accumulate their money.  The last thing they want is the government to take their assets, including their home, simply because they didn’t have LTC protection.  With multiple premium options, LTC coverage is more obtainable than ever before.  Remember that LTC protection covers multiple locations including:  assisted living facilities, rehab centers, home, etc.  LTC coverage is a selfless act that protects your family, and eases the burden on the remaining loved ones.  Contact me today to ask about Long Term Care coverage.

Written by: Scott Flowers, LPL Wealth Advisor

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