If you or a loved one needs care, who will provide care? Will it be a family member or professional? If it’s a family member, what are they giving up in order to provide care?
Time
Time is often thought as our most precious commodity. We can’t buy more time, so if adult kids have to provide care for the spouse, what are they missing out on? Are they missing out on their kids lives, their spouses lives? Are they missing out on kids’ sports, music recitals, dance recitals, vacations? What does that look like? There’s a substantial ripple effect from lost time. The ripple effect of not taking that trip to Disney with the kids and not creating those memories. Having a long-term care (LTC) insurance policy protects your loved ones’ time, so they can hire a professional instead of physically providing the care themselves.