As we age, the things that we once took for granted can suddenly seem much more difficult. In fact, people tend to go through stages during their retirement. It is often very active an enjoyable at first, but then unfortunately for some, a change in health can lead to the need for care in the later part of life.
What would happen if you or a loved one needed care? What would that do to your retirement savings? Do you have enough saved? Or would you need to take out a loan to gain access to enough money or end up having to sell the house?
It is often our adult children that we turn to for help, but sometimes they have moved away, or have other demands on their time and cannot provide the level of help that you need. Depending on the situation, care needs can take up an increasing amount of time and cost.
The insurance industry has come up with a solution called long term care insurance. Long term care
insurance is designed for people would want to have access to funds if their health changes during retirement. This can help pay for things ranging from having a nurse come by your home to help, or moving to a place that can offer full time care. This can provide peace of mind, as you will know that the money will be there, if you need it.
Give us a call at 604-521- 3778 or send me an email at christine@braunfinancial.com.
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