Deciding On Long-Term Care Insurance

If a time comes when you are no longer able to care for yourself or live on your own, long-term care insurance (LTCI) can cover an array of needs. Consider the escalating costs of care: Genworth’s Cost of Care Survey reveals that in the United States, a private room in a nursing home costs an average of $8,121 a month.

Purchasing an LTCI policy can offer protection for you and your loved ones and give you peace of mind as you age.

Consider these peace-of-mind benefits:

  • It protects your savings and other assets and maintains a person’s independence and dignity.
  • Professional care is affordable.
  • Family and friends don’t have to carry the burden of care.
  • Choice of where care is received (for example, a nursing home, assisted living community or at home).
  • More versatile services, such as visiting nurses and home health aides; home-delivered meals and chore services; and time in adult daycare centers and respite services for caregivers.

Our financial advisor, David Elster, can help you to navigate the pros and cons of Long-Term Care Insurance – and discuss your changing needs. For details, contact David today.

David Elster, CFP
Financial Advisor
CUSO Financial Services, L.P.
Phone: 858.805.7949

Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor.  Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.