Long-Term Care Insurance: California divorce and estate planning

There are a lot of misconceptions and misinformation about long-term care insurance, and I don’t profess to know all of the ins and outs of it. But I DO know that it’s critical to have for just about everyone. By the time you’ve hit your forties, you need to look into it and get a policy before it becomes too late.

Now, what does this have to do with divorce? When you’re married, you have a built-in buddy. Someone who may be able to take care of you once you start having trouble taking care of yourself. You have to figure that either you or your spouse is going to lose it before the other, and the one left standing will be the caregiver.

Well, I don’t think that’s necessarily fair, and I am a strong believer in long-term care insurance for everyone, but this post is about divorce, so I’ll skip that.

It’s even more critical to have long-term care insurance when you are divorced because you don’t have an automatic back up to care for you if you fall ill. Long-term care covers in-home help and fills in the gap of health insurance or Medicare. In-home help can cost $25-30 per hour, and this really adds up if you need around the clock care. If you care about staying in your home and staying independent as long as you can, you should check into long-term care. And if you don’t care about these things now, believe me, you will. But perhaps by the time you realize how much you care about these things, it might be too late to get the insurance you need.

Don’t wait. Look into it now. It’s not very expensive and could mean a world of difference to you.

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