In this Elder Law Minute, Kaye DeSelms Dent shares a personal experience that amplifies the importance of Long Term Care Insurance.
Hi, I’m Kaye DeSelms Dent with Dent Coulson Elder Law, Here with an elder law minute for you. These videos are intended to educate you about the elder care journey, which begins earlier in life than you might think. We hope that you find them useful, and if you have further questions, please call us at Dent Coulson Elder Law.
Today I want to remind everyone how important it is to look at long term care insurance, and I’m going to get a little personal today. I just had my fifty second birthday, my husband is about a year older than me, and just after his fifty second birthday last year, he entered assisted living with early onset dementia. Thankfully we had long term care insurance. The one time I listened to my dear now gone father he told me as he was retiring, get your long term care insurance now, it will be as cheap for you now as it ever will be, you’ll be locked in if somebody gets sick you’ll be taken care of.
He had really researched it, he studied everything and he gave me some fantastic advice. Now, we jumped the gun so to speak and I think I was not even quite thirty-nine years old when I purchased my policy, that’s on the young side. But I do encourage clients to start looking at long term care insurance by the age of fifty. Now for my husband and I, if we would have waited until the age fifty, it would have been too late, because the signs were already there, around the time he turned fifty. And certainly by fifty-two, we had already had the diagnosis and he was entering the first stage of care.
Here at Dent Coulson Elder Law we like to work with our client’s other providers such as insurance agents to make sure that they have proper insurance coverage, and to incorporate their coverages into their estate plan.
For more information and to get started on a plan, call us here at Dent Coulson Elder Law.
Also looking for information about Medicaid and Asset Preservation? Visit these articles:
“Your Trusted Advisor on the Elder Care Journey”
Dent-Coulson Elder Law is dedicated to providing families in the St. Louis area with their Elder Law needs. Our practice areas include Asset Preservation Planning, Veterans Benefits, Medicaid Eligibility, Alzheimer’s Planning, Special Needs Planning, Estate Planning and more. We understand the financial challenges you may face as you and your loved ones grow older. At Dent-Coulson Elder Law, our clients’ well-being is our number one priority. For immediate help, call (618) 632-7000 (IL) or (314) 567-9292 (MO), or Contact Us and we will get in touch as soon as possible.