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Planning Ahead: Long-Term Care.

For years you’ve been imagining all the things you’ll do in your retirement. Travel the world. Restore a classic car. Start a garden. Spend time with your kids and grandkids. Whatever you hope to do once you stop working, you’ve probably thought about it a lot.

Have you considered the statistic that 52 percent of people turning 65 today will eventually need some form of long-term care (LTC) in their lifetimes?

For many people, the possible need for future long term care can be a difficult topic. But adding an asset-based, long-term care solution based on life insurance to your overall financial strategy can help protect yourself, your loved ones, your retirement and your legacy.

If you do need long term care, as many of us do, you’ll want to do the following:

Control your care

Taking steps now to understand and prepare for your future can help you maintain control over your care options.

Maintain your independence

Specifying your preferences for future needs can ensure you get the kind of care you want, remain independent for as long as possible and preserve your dignity.

Protect your family

Planning for care now allows your friends and family to care about you, instead of having to care for you.

Preserve your assets

Knowing that you’ve planned for the future, you can ensure that long-term care won’t impact your ability to leave a lasting legacy to your family, favorite charity, place of worship, etc.

Long-term care is intended to provide support to those who need assistance due to severe cognitive impairment, or help completing Activities of Daily Living (ADLs) like eating or bathing. LTC care solutions can help you pay for almost any level of care, ranging from local care during the day to more specialized support:

  • Adult day care

  • Home health care

  • Assisted living

  • Nursing home

  • Hospice

Understanding your options

Everyone is unique and each person's situation and needs are unique too. Your trusted financial professional here at Penny Lane Financial can help you understand and determine your needs and recommend a path forward by explaining your options and helping you customize acceptable protection for yourself and your family.

Call or email us today. (253) 327-1177 or



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