The Costs of Delaying Long-Term Care Planning

Act now on long-term care planning

With many clients experiencing the impact of rising prices on their daily lives, it’s a good time to talk to them about the consequences of waiting to plan for a long-term care need.

Discuss the facts 

• Life’s unpredictable: No one can predict when or if a chronic illness will strike. Waiting to buy coverage could result in the client being ineligible or having limited options should they experience a change in health.
• Increasing cost: The longer a client waits to purchase long-term care coverage, the higher their premiums will be as they age.
• Risk putting the burden on others: Without a plan, many clients are left to make decisions in a time of crisis, frequently resulting in financial, physical and emotional burdens falling on their loved ones.
• Protect against future costs: Locking in meaningful coverage now can help protect against future uncertainties. 

While you can’t control what tomorrow will bring, you can help your clients be better prepared. Start this important conversation today by discussing how they would like to handle a long-term care need — and the high costs they could incur if they delay planning.