- If you get it for your spouse and yourself, you’ll both breathe easier, knowing you can afford professional care in the comfort of your own home, should the need ever arise.
- You’ll also enjoy the gift of knowing you’re protecting your assets and lifestyle for years to come.
- If you get it for your parents, they’ll relax and get more enjoyment out of their golden years, confident they can avoid senior poverty.
- The gift to your parents may also be a gift to yourself, since LTC protects assets earmarked for inheritance.
- Compared to pricey items, LTC is often a bargain, costing much less than you’d pay per month for a new car or health insurance.
- If you get it for your children, it can REALLY be a bargain, costing a fraction of what many people spend per year on coffee at Dunkin Donuts.
- As a gift to your children, it will “keep on giving” year after year, making them feel more secure for decades or more.
- It can help you afford other holiday gifts in future years. Without it, out-of-pocket care costs could eat up your savings.
- Peace of mind is one of the best gifts of all. If you’ve been putting off looking into long-term care insurance, you may feel anxious and guilty. Why not give yourself a break for the holidays?
- LTC is tax-deductible. You can use the “savings” to buy other gifts of many kinds, year after year!