Why Family Should Not Be A Long-Term Care PlanJulie Brooks
One reason why you need to bring up the topic of Long-Term Care with your clients: family.
Past history has shown us that parents who do not plan adequately for their long-term care needs ultimately end up sacrificing their income, assets and financial promises that they have made to pay for their care.
Since we are on the topic of history, it is also proven that if a parent does not have a proper plan in place, their family becomes their long-term care plan.
Parents must consider the potential physical, emotional and financial damage that is also done to the family members who are personally involved in delivering their long-term care.
There are a myriad of issues to consider when a family gets involved in their parent’s long-term care plan
- Time Management
Think about how pressed for time your children already are – balancing families, careers and child activities.
Ponder also the challenges that could ensue from a care giving perspective geographically speaking if they do not all live in the same city. Then there are funding issues to consider as well, because someone has to pay for the care.
Further, multiple polls have taught us that most children do not want to take care of their parents, but when faced with these circumstances – they can and almost always do care for their parents… even if their relationship is not strong with them.
Long-Term Care and the challenges associated with it can often require more and more of family members’ involvement as time passes
The collateral damage that can be associated with being directly involved in a family member’s long-term care plan can often involve irreversible damage to relationships within the caregivers, and there can also be profound resentment toward the folks that the care is being delivered to.
Keep in mind also the opportunity costs that your family could be experiencing as it relates to their career, children, church or synagogue because the time that is usually allocated to these aforementioned items has now been allocated to you.
There are a variety of ways available to possibly remove this potential burden from your family.
Talk to your Insurance Advisors LTCi Sales & Marketing Representative today to learn more.