Residents of South Carolina face a new and expensive kind of issue when growing old in these times. Not only are there less family members to take care of our elderly, but the expenses of paying to live in an assisted living facility or to have someone care for you at home are astounding.
Who will take care of you when you are too old to bathe...to eat, to move around on your own (activities of daily living)? Who can you depend on and can these people afford to take time off to take care of you or to even visit now and then? The painful truth of the matter is that many of us are strapped for time, trying to work hard and make a living and taking care of our core family...and the problem is getting worse.
That's where Long Term Care Insurance comes in. You can at least get a policy that would cover you somewhat; giving respite to the family or other unpaid caretakers who might be there for you. The amount of premium you put into an LTC Policy will reflect the strength and longevity of the policy - the more you can afford to pay in premium, the more coverage you will have.
So some food for thought - who will continue the old timey legacy of caring for our family members when they get too old to care for themselves? The new government plans will be a very weak policy, only covering a fraction of the costs involved. Consider getting a Long Term Care Insurance Quote.
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