Are you looking for a unique present for your parents’
birthday? Why not give them long term care insurance policy?
It’s the most practical and beneficial you can give your parents.
Why? Long-term care insurance helps pay for long-term care services like home
care, hospice care, assisted living facilities and nursing homes. They might need
this in the future due to longevity. Since people are living much longer, they
will most likely succumb to conditions or diseases that will require long-term
care. According to a recent study, 7 out of 10 of Americans who are 65 and
above will need the said type of care. This only shows that purchasing coverage
is imperative nowadays.
This is not just beneficial to your parents but to you as
well. As you protect you parents, you also protect yourself from filial support
laws. These oblige you to pay for their long term care bills if they don’t have
enough resources or long-term care insurance.
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