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It’s Expensive

Would you buy Long Term Care insurance?

“People say the premiums are expensive.” As a Long Term Care insurance Agent, I hear this all the time.

Are they??

I have to expand the question for those who make that statement.

Long Term Care insurance premiums are expensive compared to…what? Compared to the cost of Long Term Care? NO. Long Term Care insurance premiums are a drop in the bucket compared to the cost of the type of care this valuable insurance pays for.

Here’s an example:

A 50-year-old can get a $200 daily benefit to cover today’s cost of care with either a 3-year benefit period or a 5-year benefit period for only $159.14 a month or $224.26 a month respectively. If a spouse is also issued, the premium is reduced 10% for both and paying annually instead of monthly will reduce it an additional 8%. So now were at $1,591 for the 3-years benefit period and $2,242 for the 5-year benefit period.

Sound like a lot? Here’s the value proposition: The premium for the 3-year plan will cost $47,730 over 30 years and the premium for the 5-year plan will cost $67,260. At 5% compound, the daily benefit will be $823.23 in 30 years, which means the benefit pool for the 3-year plan will be $901,433 and the benefit for the 5-year plan will be $1,577,508.

Let me restate this information to be crystal clear:
Buying Long Term Care insurance at the above premium means you would spend 4% to 5% of the potential benefits in 30 years ($47,730 is 5% of $901,433 and $67,260 is 4$ of $1.5 million).

But…were not done yet:

The benefits will continue to grow each year at 5% compound for the rest of your life as long as you haven’t used them all up! At 5% compound, the benefits DOUBLE every 14 years.

I’ve told you what the benefits will be at age 80 for the 50-year-old. Could today’s 50-year-old live to be age 95? According to the Wall Street Journal, one in 10 people who turned age 65 in 2011 will see age 95, so it’s logical to think those odds will be even higher for someone 15 years younger.

At age 95, the 3-year plan will have grown to almost $2 million and the 5-year plan will be sitting at $3 million.

$1,591 x 45 Years = $71,595 Premium vs. $1.8 million in potential Benefits
$2,242 x 45 Years = $100,890 in Premium vs. $3.1 million in potential Benefits

Oh, and let’s see, should I mention that the premium STOPS once you start using the benefits?

But wait – I’m not saying that the premiums can’t increase on a class basis…because yes, they certainly can.

What if you never use it? You’ve made a 4% to 5% mistake…but was it a mistake? Your 4% to 5% mistake bought a peace of mind for you and your family for 30 to 45 years. To me, that’s priceless.

Abe Glickman, LTCA, LTCP
Member: AALTCI, NAHU, NAIFA, SOA
Abe Glickman Insurance Group
Toll-Free Phone: 877-298-5824
Email: AG@AbeGlickman.com

“It is better to create a plan 10 years too soon than one day too late.”

Questions or Comments? Give me a call!

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Will Adult Children Have To Pay Parent’s Nursing Home Cost?

Will Adult Children Have to Pay Parent’s Nursing Home Cost?

A recent court case out of the state of Pennsylvania has really gotten my attention which I wanted to bring to all of yours.

A Pennsylvania state appeals court has rules that the adult son of a nursing home resident is responsible for her unpaid $93,000 bill. Pennsylvania is one of 30 states to have filial responsibility statues. Florida is not listed as one of these 30 but some (including elder care lawyers) fear this is just the beginning of a trend.

About two-thirds of those 30 states, including Pennsylvania, allow long-term care providers to sue family members to recover unpaid costs. The reaming one-third have no recovery provision but failing to care for a parent is considered a criminal offense.

This case for the $93,000 bill involved a woman who spent six months in a nursing home facility recovering from an auto accident. She had monthly Social Security and pension income of only $1,000. This amount is far less than her cost of care, and while she applied for Medicaid, that process can take many months, and in this case, she left the facility while her Medicaid application was still pending.

As a result, the nursing home facility sued her son for her unpaid bill. He argued that she had some income so she was not indigent, but even if she was, other family members also had an obligation to help and all the burden should not have been placed on him.

However, the appeals court disagreed. They said in Pennsylvania someone does not have to be destitute to be indigent. Family members are responsible even if she has income, but has insufficient means to pay for her own care. The court also ruled that the facility could arbitrarily go after any family member is wanted, as longs as it could prove that relative had the resources to pay.

Although these filial responsibility laws have been around for many decades, they have rarely been enforced… but that may be changing. With the cost of long-term care continues rising (an average nursing home facility stay now exceeds $200 a day), senior service providers are finding themselves with more unpaid bills than in the past.

If you would like more information on this case, please visit the Elder Law Answers website which is which brought this to my attention.

Abe Glickman, LTCA, LTCP
Member: AALTCI, NAHU, NAIFA, SOA
Abe Glickman Insurance Group
Toll-Free Phone: 877-298-5824
Email: AG@AbeGlickman.com

“It is better to create a plan 10 years too soon than one day too late.”
Questions or Comments? Give me a call!

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How Abou You

How About You?

Today I would like to share a story that was told to me a short time ago by two close friends, Ethel and Gloria that was quite upsetting.

This is what Gloria shared with me:

“Recently my neighbor and good friend Ethel got sick. I was worried about when she came home from the hospital how she would take care of herself. When I visited her before her coming home we discussed this issue she said, “Don’t worry, I bought a Long-Term Care Policy years ago.” What a relief we both thought.

When Ethel came home she hired a Home Health Care agency to assist her…and as Paul Harvey used to say – Here is the rest of the story…

When she got home from the hospital, she got out her Long-Term Care policy to give the agency her information. As she was reading her schedule page of benefits she noticed an elimination period, benefit amount, as well as a section called eligibility of benefits. Needless to say she did not have a clue as to what all of that meant.

What she found out was she had an elimination period (deductable). A number of days that she would have to pay before the insurance policy would begin paying. Also there has to be documentation from her Doctor and the Home Health Care agency as to the Activities of Daily Living assistance needed. She could not determine whether her aide could go grocery shopping and then drive her to her doctors appointment. How many hours is she entitled to.

As the paperwork started to come in the mail from the insurance company she was overwhelmed. Does she have to pay the agency and then file to the insurance company to get reimbursed. So many questions …No one to help.

I said to myself, I have a Long-Term care policy I bought years ago. It has been in my file cabinet since I purchased it, I have not looked at it in years. I have no idea where the agent is who sold me the policy. I have not heard from him since I go the policy. What will I do when I need to use my policy?”

This situation is unfortunately too common. So many people did the right thing years ago and bought Long-Term Care policies to protect themselves. However those professionals (they claimed to be) the agents that sold these policies are no where to be found. So just like these two friends, they are at the mercy of the insurance company. I said this before, you must have an advocate to assist at your time of need.

The good news, both of these lovely ladies, Ethel and Gloria have me as their advocate and will never have to worry about any future issues regarding their policies.

How about all of you?

You bought a Long-Term Care policy, (which was the right thing to do), have you looked at it? When is the last time you took it out and had a review? Is your agent still around to assist you? Do you understand your benefits? Are there any Restrictions?

When you get ill is not the time to start to educate yourself.

Let me be your advocate.

Abe Glickman, LTCA, LTCP
Member: AALTCI, NAHU, NAIFA, SOA
Abe Glickman Insurance Group
Toll-Free Phone: 877-298-5824
Email: AG@AbeGlickman.com

“It is better to create a plan 10 years too soon than one day too late.”

Questions or Comments? Give me a call!

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I’m Living Life My Way

I’m Living Life My Way

I’ve always done things my way. Forged my own path. Never been one to follow along with the crowd. And that’s exactly how I’m going to keep living my life. So I’ve made plans for the future. I know I’ll probably need help someday, but it’s going to be on my terms. That’s why I purchased a Long-Term Care Insurance policy.

I’m not going anywhere. This is my home, and it’s where I belong. There are a lot of happy memories in this house. It’s where my kids grew up. And it’s where they’ll keep coming for family dinners and holiday get-togethers. I’m comfortable here. I’ve got my garden, my book, my friends. My home is the center of my life, and my Long-Term Care Insurance policy will help me get the care I need

My kids shouldn’t have to take care of me. The last thing I want is to become a burden to my kids. They have families and lives of their own now. They shouldn’t have to worry about me. Besides, I want our time together to be enjoyable. I know they care about me. I just don’t want them to have to care for me.

I’m not willing to risk my retirement savings. I’ve worked hard to build a comfortable life. And I know that if I had to pay for Long-Term care services using my savings, it could cost me everything. I’m not willing to let that happen. So I’m doing the smart thing. Helping to protect my retirement savings with a Long-Term Care Insurance policy.

It’s important for me to leave an inheritance for my kids. I want my kids and grandkids to remember me. That’s why I’m making sure I’ll have something left to pass on to them when I’m gone. My Long-Term Care Insurance policy is helping me protect my assets. It may be in my name, but I bought it for my kids future.

I know this is right for me. I live my life by doing what’s right for me. So I bought a Long-Term care Insurance policy from a company I know and trust…

How about you??

Abe Glickman, LTCA, LTCP
Member: AALTCI, NAHU, NAIFA, SOA
Abe Glickman Insurance Group
Toll-Free Phone: 877-298-5824
Email: AG@AbeGlickman.com

“It is better to create a plan 10 years too soon than one day too late.”

Questions or Comments? Give me a call!

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How Will I Know The Long-Term Care Insurance Is Right For Me?

How Will I Know That Long-Term Care Insurance Is Right For Me?

Everyone age 50 or older is a prime candidate for Long-Term Care Insurance. The Earlier you take out a policy, the better. In most cases, you will almost certainly pay less in premiums over the life of the policy than if you ever need even one year in a nursing facility. It is by planning NOW that you can secure your future at a lower cost!

If you recognize that you are not superman or superwoman, and that there is a reasonably good chance that you will need someone to help take care of you before you die, you should be looking at Long-Term Care Insurance. If you plan ahead, own your own home, and have some savings and investments to protect, then you should be a step beyond look, because there is probably a Long-Term Care plan available that you could afford without affecting your present lifestyle. When all is said and done, in order for you to take out and keep a Long-Term Care Insurance policy, you must be more comfortable doing without the money you pay for premiums than you would be if you kept the money and remained self-insured. Long-Term Care Insurance should give you security and peace-of-mind. Most of my clients have concluded that saving a lot more money in their retirement years is not the objective anymore; however, protecting what they do have so they won’t lose it all before they die is a major objective.

Long-Term Care Is The Biggest Reason For Financial Failure Among Seniors Today!
In fact, over 70% of Americans believe they will not be able to cover their Long-Term Care expenses!

Most of us would jeopardize our life savings if we did without Long-Term Care Insurance. However, I have clients who truly could self-insure if they wanted to, and perhaps my experience with them will clarify the logic of taking out this coverage: if people who are so wealthy sees the benefits of coverage, what does that say to those of us who are not as fortunate financially?

I have one client in particular in mind. This client has many investments and is a very wealthy man. He could obviously afford to do without Long-Term Care Insurance, and when I met him, I advised him he did not really need this type of protection. He told me something I will never forget: He said, “It is true that I could do without Long-Term Care Insurance; in fact, I could build my own nursing home! But, do you know what it would cost if my wife and I had to enter a nursing home at the same time 15 years from now?” I replied that I had a pretty good idea based on today’s trends, adding that the cost could be as high as $160,000 per year. He then continued, “I know that it would be somewhat unusual for us both to end up in a nursing home at the same time, but would you also agree that is would a little unusual for a person to stay in a nursing home over 13 years?” I agreed that would be somewhat unusual since the majority of people for not spend over 5 years in such care. He continued his story: “Yes, it is unusual, but my mother-in-law has been in a nursing home for that long, and I am still paying the bill! It doesn’t appear that she is near death, so she may stay several more years. The cost of this care has already exceeded $500,000. Even though I could take my chances, I don’t think it makes sense for my wife and I to take that kind of risk, just to save a few thousand dollars a years in premiums. Can you provide me with a plan that would alleviate this risk?”

Abe Glickman, LTCA, LTCP
Member: AALTCI, NAHU, NAIFA, SOA
Abe Glickman Insurance Group
Toll-Free Phone: 877-298-5824
Email: AG@AbeGlickman.com

“It is better to create a plan 10 years too soon than one day too late.”

Questions or Comments? Give me a call!

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Everyone Has A Long-Term Care Story

Everyone Has a Long Term Care Story

The era of Long Term Care is still new enough that people have stories that resonate deeply when told.

This is similar to life insurance in the first half of the 20th century. A typical story at that time may have been the father who died in his 30’s from pneumonia or an industrial accident, and left his six children and wife without any income. As insurance companies developed affordable products, families purchased them in droves. Fear motivated people to ensure that the fate of the family of six children did not befall them.

Today, life insurance is more often than not driven by a logical analysis of the numbers and statistics. It is still bought to protect the same need but the gut wrenching fear is rarely found.

Not so in Long Term Care situations. The parents and grandparents of today’s 40 and 60 year olds did not plan to live to age 90. They did not plan to develop Alzheimer’s or live through a stroke or heart attack. Nor did they know that their savings and Social Security would not provide the ability to care for their spouse or themselves.

Ronald Reagan was president of the most powerful country in the world, then he required constant care and supervision due to Alzheimer’s. Christopher Reeve was a successful actor with a young family, and then a quadriplegic who required 24 hour a day skilled care; still with his young family.

It’s not only famous people, of course. My healthy 72-year-old uncle who danced and flirted at my wedding in 2003 had a stroke in 2004. He is completely dependent upon my aunt for all his needs today.

They sold their house and moved to an assisted living apartment in order to preserve her health and financial stability. While his health had been severely compromised he has 10 grandchildren and he doesn’t want to miss a day of their growing up.

For those of you who think they are too young to buy the insurance, this story is for you. A president of a small company decided to put in a Long Term Care program for his key people including himself. He was only 54 but recognized the need due to his family history and liked the tax-advantaged benefit it provided. He decided in March but didn’t get around to the application until May. In April he suffered an episode of dizziness and was unable to speak for about 30 minutes. The doctors put him on a mild medication and told him they would watch it. Their diagnosis: Transient Ischemic Attack (TIS). Insurance results: Postpone for one year. A TIA is a precursor to a stroke.

Now that you have heard the emotional story, here are the logical reasons. Compare the cost of buying the insurance today versus waiting 10 years. If you deposit your premium amounts for 10 years, you will need to earn between 10 and 11 percent net after taxes to equal the savings generated by buying it younger. If you experience a stroke within the next year you won’t be able to buy it in 10 years. You will have already paid for your Long Term Care out of your own pocket.

Some of you may be thinking, “Well I have plenty of money to take care of myself.” I do acknowledge that this is the case for some people, and some do choose to self insurance. But here is my next question…how do you want to spend your money? Would you rather spend $3,000 per year for 20 years (total cost $60,000) or spend $200,000 per year 20 years from now? You would receive your premium investment back in just four months in a nursing home.

A friend of mine who is a Long Term Care specialist in California told me the story of her clients who were worth over six million dollars but wanted Long Term Care Insurance. When asked why they wanted the insurance, they replied, “When we are incapable of making our own decisions, we don’t want heirs deciding whether or not to spend their inheritance on our care.”

Another story I tell to my wealthier clients has nothing to do with Long Term Care Insurance but everything to do with our spending habits. My condominium had discreet water damage to our wallpaper and floors during a bad storm soon after I moved in. Not for a minute did we consider spending our hard earned money or time on repairs. My wife and I could live with it. Then, the condominium manager left me a message that I had a $7,000 settlement coming to me to replace the floor and wallpaper. All of a sudden I found the time to look for some new wallpaper. I tell prospective insured, if you have the insurance you will have the extra medical test done, you’ll have the floor replaced and you’ll hire that extra home health care that will make your quality of life the best it can be.

Abe Glickman, LTCA, LTCP
Member: AALTCI, NAHU, NAIFA, SOA
Abe Glickman Insurance Group
Toll-Free Phone: 877-298-5824
Email: AG@AbeGlickman.com

“It is better to create a plan 10 years too soon than one day too late.”

Questions or Comments? Give me a call!

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Aging Gracefully

Aging Gracefully

It’s quiet now. Finally, a few moments to myself. My sister is gone, and dad is resting – sort of. Please, God, let him breathe without gasping, this one night. I’m so tired. But the day is not over for me. Tonight is my night to help out. Three nights ago it was my night, too. Dad and I spent much of it struggling – him to catch his breath, me to keep my composure.

Tonight he seems a little stronger, but he’s still so weak. Hard to believe he was golfing a few weeks ago. How quickly life changes, and how vulnerable we feel as children. Dad has been our only parent for the past 22 years – the memories, the history of a family, all gain new significance during this trying period. Now my sister and I assume the role of “grown-ups.” Will we soon become the oldest generation in our family?

For a week we take turns around the clock, bathing him, dressing him and trying to find something he will eat – all done with the vision of keeping him home and not moving into a nursing home. We struggle between our commitment to provide for our father and out inability to do so as his condition worsens. After much discussion dad is the one who decides that his best chance for recovery is the nursing home. It is extremely difficult for us to take dad away from his home – but a decision made easier because six years earlier, when dad turned 70, my sister and I purchased Long-Term Care Insurance for him. He knew I was selling it and looked into the insurance out of fear that his bills might literally cost him the farm. He knew things could change quickly at his age. In this case he was right.

As a Long-Term Care Insurance sales professional, I now know why my clients often say they’re buying Long-Term Care Insurance to stay out of a nursing home, Many people envision the nursing home as a crowded, noisy place with little privacy. Unfortunately, they’re not far off. Spend any amount of time in one, and you will soon discover how important a private room is to one’s dignity.

One night when Dad and I were watching the Chicago Cubs on TV, he said, “You know the best thing about this insurance you kids bought for me?” He looked at me and Said, “I don’t share my room with anyone, and no one else uses my bathroom.” He then noted how difficult it was for so many of his friends who did share rooms with those who suffered from dementia, incontinence and other frailties of old age. Another lesson learned from dad: Dignity is as important as 87 as it is at 57, 27, or 7. Long-Term Care Insurance gave my father a room to himself and the dignity he deserved.

The insurance also took the burden off us kids to provide care, giving us the freedom to just love our father…to sit up late watching the Cubs, to laugh, to cement memories and to honor this man we called dad. These things were nearly impossible when we were taking care of him at home. Exhaustion and fear do not leave time for that.

Long-Term Care Insurance is designed to help people live independently as long as possible, even with a chronic illness, physical disability or cognitive disorder. Aging gracefully has never been easier because Long-Term Care Insurance does indeed allow a much higher level of coping, both for the patient and their family. It can include medical treatment, skilled nursing, assisted living and help with basic daily functions such a dressing, bathing, household chores and required therapy. It was a relief that, when dad needed those things, the professionals came in the door and we walked out the door, leaving the care to them.

The burden for asset preservation is ours. The scary prospect that our nest eggs might someday be spent on assistance with our daily functions needs to be dealt with today. Long-Term Care is a blind spot in our culture’s collective consciousness and a weakness in our financial planning that must be addressed now, not later.

Today my sister and I remember dad just the way he wanted to be remembered – and the way we want to remember him. The greatest gift I have given to myself and my own children is my Long-Term Care coverage. I know I will be able to age gracefully and with dignity and choice.

Abe Glickman, LTCA, LTCP
Member: AALTCI, NAHU, NAIFA, SOA
Abe Glickman Insurance Group
Toll-Free Phone: 877-298-5824
Email: AG@AbeGlickman.com

“It is better to create a plan 10 years too soon than one day too late.”

Questions or Comments? Give me a call

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Do You Have Long Term Care Insurance?

Do You Have Long Term Care Insurance?

Claudia, 50
Sunrise
I don’t have Long Term Care Insurance yet, but I really need to get it. I’ve known people who have had to live in nursing homes and I’ve seen what the costs are. If you don’t have insurance, who’s going to pay the bill? Hopefully you just wake up dead, but if not, someone has to pay the price. I’m not going to sell everything I have to maintain my dignity, and why would I knowingly pass that expense on to my kids? I really believe in the coverage but I just haven’t bought it yet because it takes time to research the different policies. I don’t want to make a mistake and buy the first thing I see. I want to make sure I get the best policy for my money.

Jack, 63
Delray Beach
I do have Long Term care Insurance. We decided to purchase the policy when I was 58 years old because my wife is 11 years younger than I am and so chances are I’ll require care before she does. We don’t want to deplete our other estate funds to pay for my care, so we thought the coverage would be a value. My wife doesn’t currently have Long Term Care coverage because she’s only 52, but we might want to consider that eventually. She’ll most likely survive me and we feel that if she were to become ill, we could cover those expenses. I feel that there’s more of a need for me to protect her and to preserve the estate for the 35 or so years she has left.

Rosemary, 59
Boca Raton
I do have Long Term Care Insurance. My daughter got the policy for me and she pays for the premiums. To quote an old saying, “It’s better to have it and not need it than to need it and not have it.” When my husband was sick, we had a lady care for him, but that wasn’t covered so we had to pay for it. That can deplete your savings fast because those services are very expensive. I really don’t want to be a burden to my family. If my daughter didn’t pay for the coverage, I would because if I needed daily care, how could I expect my family members to provide it? They have their own lives, and besides, professionals are trained and could probably help me more.

Victor, 80
Pembroke Pines
About 15 years ago, I decided to get Long Term Care Insurance for my wife, but to my shock, I found out that she didn’t qualify because she used a walker. I investigated different companies and policies, but the response was always the same. At the time, I didn’t think about covering myself, but I knew I had to save money to take care of both of us because the expenses are rather large. I did it by investing in the stock market and I set that money aside. As I got older, I considered getting the coverage for myself because I firmly believe in it. Since then, we have had home health care for my wife and she’s also been in an assisted living facility where she gets 24-hour care and that costs $7,000 a month. If something happens to me, I’ll probably use that facility too…if there is any money left.

Abe Glickman, LTCA, LTCP
Member: AALTCI, NAHU, NAIFA, SOA
Abe Glickman Insurance Group
Toll-Free Phone: 877-298-5824
Email: AG@AbeGlickman.com

“It is better to create a plan 10 years too soon than one day too late.”

Questions or Comments? Give me a call!

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Minimize The Impact

Minimize The Impact


A Care Event in Your Family Can be a Challenge, But You Can Lessen Its Impact

The impact of Long Term Care events on Families is well documented. We have learned through our assessment that there are other financial and emotional costs that may not be as readily apparent. Specifically, there are cost to the long term care recipient, caregivers and extended family.

All of the people we discussed previously in the Circle of Care may experience an impact on:

• Stress levels from demands on time and serving the needs of others
• Job and careers
• Relationships with spouses, siblings, children, step-families and in-laws
• Their incomes and finances

Perception and Reality

With medical advances and healthier lifestyles, people are living longer these days – often 20 or even 30 years into retirement. As we’re doing a better job at living longer, the likelihood of needing care, companionship or help later in life is greater than ever.

Consider the Statistics Around the Potential Need for Long Term Care

Nearly two-thirds of Americans over age 65 will need long term care at home, through adult day health care, or in an assisted living facility or nursing home.*
* AARP Public Policy Institute “Long Term Care Trends”

The Double Whammy

For younger couples with two sets of parents, the chances of being affected by a long term care event are high if any of their parents lack the financial resources for their own care. And if care for one parents significantly impacted a couples’ finances, would they be able to contribute to the care needed for the other parents?

Survey Reveals Top Concerns

A January 2010 Age Wave/Harris Interactive survey sponsored by the Genworth Financial companies revealed that “medical expenses not covered by insurance” is the top concern of people age 55 and older.

More then half of all respondents (55%) reported that their greatest fear regarding a long term care illness or event was being a burden on their family. In fact, they reported being five times more concerned about being a burden than dying.

Although the issue us a top concern, many are still not engaging in open conversations about potential long term care expenses, the costs or the types of care they would prefer or may need in the future. More than 90% surveyed have not talked about critical long term care issues with their spouse/partner, aging parents or adult children.

The First Step in Planning is to Talk to Your Family

Figuring out how to address a long term care need is stressful, but having a direction before there’s a need can help immensely. Having no plan can be overwhelming. When people have to make emotional and financial decisions unexpectedly, judgment and decisions can be less than optimal. And not having the conversation means you don’t have direction from the person needing care. People can find themselves writing on-the –spot checks for care. Spending money for care on a moment’s notice is something no one wants to do, and the quality of those decisions may be compromised.

The broad impact – to finances, emotions, jobs and careers, immediate and extended families – adds urgency to the need for these important conversations – before the need for care arises.

Abe Glickman, LTCA, LTCP
Member: AALTCI, NAHU, NAIFA, SOA
Abe Glickman Insurance Group
Toll-Free Phone: 877-298-5824
Email: AG@AbeGlickman.com

“It is better to create a plan 10 years too soon than one day too late.”

Questions or Comments? Give me a call!

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Beyond Dollars

Beyond Dollars

Each of us has defining relationships in our lives; with our parents, our spouses, our children, and our colleagues.

We even have relations of sorts with our accomplishments, our achievements, and our success. And we have relationships with our own futures. We think of them as relationships because they mean something to us – and we are committed to them.

The Ripple Effect
We may understand that there is a financial impact to helping provide care, but there is more to the equation, and it goes far beyond dollars.

There is a ripple that can touch a primary caregiver, a secondary caregiver, their families and their futures. While a loving and selfless act, accepting or taking responsibility for another individual’s impact on our own lives, and on our families’ lives.

No matter how willing we are, no matter how heartfelt our promises are, our caregiving commitments can affect marriages, family dynamics, work commitments, financial stability and other building blocks of our own futures.

Will You Have A Role In Someone’s Care?
Thinking through the impact of your responsibilities as a caregiver is a first and important step.

Whether you are a primary of hands-on caregiver, or someone who orchestrates the care provided by others – whether you provide some financial support or weigh in on important decisions – it’s important to recognize the potential impact of caregiving on all aspects of your life.

Planning ahead for ways to mitigate costs or share caregiving responsibilities is worthy or every family’s consideration

To Be Continued…With “The Circle of Care”

Abe Glickman, LTCA, LTCP
Member: AALTCI, NAHU, NAIFA, SOA
Abe Glickman Insurance Group
Toll-Free Phone: 877-298-5824
Email: AG@AbeGlickman.com

“It is better to create a plan 10 years too soon than one day too late.”

Questions or Comments? Give me a call!

Company Profile

Abe Glickman, LTCA, LTCP
Member: AALTCI, NAHU, NAIFA, SOA
Abe Glickman Insurance Group
Toll-Free Phone: 877-298-5824
Email: AG@AbeGlickman.com
“It is better to create a plan 10 years too soon than one day too late.”
Questions or Comments? Give me a call!

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