Independence is a defining feature of modern American life. The idea of pulling oneself up by one’s bootstraps is a time-honored ideal, and one that has helped a wide variety of both white-collar and blue-collar employees make a living and save up for retirement. Unfortunately, even those who have set up 401Ks saved a percentage of every paycheck, and made extensive plans for retirement can end up becoming seriously ill. If they have not had the foresight to purchase a policy from a long term care insurance agency in Texas, they can easily end up losing their hard-earned retirement funds to illness or disability.
No one wants to consider the possibility that they may spend some of their retirement in a hospital, nursing home, or another facility. Ignoring the very serious possibility of some measure of extended medical care becoming necessary is, however, a mistake. Long term care insurance kicks in after six months of disability, and can cover everything from hospital stays to in-home nursing care. The best time to purchase a policy is when a client is still in good health. Waiting until a serious illness has occurred will make it extremely difficult to find a long term care insurance agency in Texas that will offer a policy.
Those who have assets to protect either for the purposes of providing for retirement or with the intention of leaving an inheritance for their children should begin considering options when they reach the age of 45. Clients with a family history of debilitating illnesses may want to consider making this important decision earlier, rather than later. A genetic predisposition toward Alzheimer’s, cancer, cardiac issues, or stroke can easily turn into a series of expensive hospital visits, or nursing home stays later in life. Having insurance can make the difference between losing a home to pay for a facility out of pocket and having the ability to choose in-home care or assisted living.
Most agencies guarantee continued coverage for as long as clients continue to make monthly payments on time. As a result, it’s a good idea to purchase a policy at a younger age prior to the development of any medical problems, as the rates will be lower. Visit the website for more information.
