Why should someone in Denver, Co consider having long term care insurance?
In Denver, CO just as anywhere else in the country families have to make difficult decisions regarding the care of a loved one. There can be many reasons why someone would find themselves in this position and in need of long term care insurance.
Most often we think of the elderly needing a long term care insurance policy and this certainly is true. However we find that 40% of working age adults throughout the United States, and this statistic certainly holds true for Denver as well, are in need of some type of long term care.
For working age adults accidents are a key reason. We are blessed living in Denver, CO as it offers many outdoor activities - skiing, hiking, climbing, cycling, just to name a few. Accidents from these activities have resulted in the need of extended care and many would have benefited from a long term care insurance policy.
Other reasons are MS, Parkinson's, stroke and other debilitating diseases.
For many, when they consider a long term care insurance plan, it may be too late. They may not be able to qualify living in Denver, CO or anywhere else.
For the elderly many times we just wear out. Our life expectancies are increasing. The average life expectancy for a woman is now 83, for a man 78. For every year we live we add another 12 weeks of life expectancy.
Many will suffer from strokes, cancer and diabetes, but many will just flat wear out. The parts will be there, but won't work like they use to. We become frail and will need assistance. It is at this point having a long term care insurance plan in place is extremely valuable.
When you look at the population of Denver, people are from everywhere. Families very seldom live close to each other. Not too many years ago, it was families taking care of each other. We also find that both husband and wives are working making it more difficult. Having to take care of a parent may cause one to have to quit work, move to Denver to be with the parent or have the parent move to them.
In Denver, just like the rest of the country it is normally the husband that has a need first. The spouse then becomes the caregiver. If there is no spouse or the spouse is unable to provide the care, the task then falls to the oldest daughter (if there is a daughter).
Being a caregiver takes a huge toll on that person. What often happens is after the wife has been the caregiver to the husband, and he is no longer at home her health has declined substantially and she, herself will be in need of a caregiver.
So the traditional cycle is this: Husband needs assistance. Wife acts as caregiver. Wife's heath takes a tremendous beating and she too will soon need assistance. The assets the family had have been spent on the husband. The wife is then in an uncomfortable position without a long term care insurance plan in place.
This is one of the reasons for having a long term care insurance policy. This allows the spouse or whoever was the caregiver to become the supervisor of the care. This is a very distinct difference. This will allow a child or other loved one if not living in Denver, CO to be able to supervise the care. We want our family, our loved ones to be involved with our care, but not the caregiver of the assistance.
Having a long term care insurance policy in place allows this whether you want the care in Denver or anywhere else.
In fact, you may take out a long term care insurance policy in Denver, but it is good in all states and even outside of the United States.
Author Resource:
Thank you and to find out more information click on long term care insurance or please visit http://www.ltcpd.com .
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