Transcript:
This is money talks with Chad Olivier, sponsored by Olivier Group.
Hi. I’m Chad Olivier, certified financial planner and CEO of Olivier Group. Today, let’s talk about the importance of long term care planning.
As we age, the likelihood of needing assistance with daily activities increases. Planning for long term care not only ensures that you and your loved ones receive the necessary support but also helps prevent the financial strain that can come with these costs.
Long term care can take many forms, including in home care, assisted living, nursing homes, and adult day care. The level and duration of care vary based on factors like age, gender, health, and family history. And as you might expect, the cost of care depends on the type of services needed, location and length of care required.
Many people assume health insurance, Medicare or Medicaid will cover all long term care expenses, but that’s not always the case.
One way to manage these costs is through long term care insurance. The price of a policy depends on factors like when you purchase it, the coverage amount, and any pre existing conditions. At Olivier Group, we help clients navigate these decisions to ensure their long term care plan aligns with their overall financial goals. Whether you choose long term care insurance, leverage savings, or explore other strategies, taking a proactive approach is key to securing your future. To learn more about long term care planning, visit us at oliviergroup dot com and connect with our team. And that’s why money talks, the planning pays.
This has been Money Talks with Chad Olivier.
