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Rethinking Long-Term Care: Are There Better Strategies Than Traditional Insurance?

What You Need to Know Now Before You Need Care Later


Planning for long-term care (LTC) isn’t just for the elderly—it’s for anyone who wants to protect their independence, savings, and peace of mind. Whether care is needed due to illness, injury, or age-related decline, having a plan in place is key.





💸 Current Costs of Long-Term Care (2024 Averages)

Long-term care is more expensive than most people realize:

  • Private nursing home room: $108,405/year

  • Semi-private room: $94,900/year

  • Assisted living facility: $64,200/year

  • Home health aide (44 hours/week): $70,000/year

  • Adult day care: $22,000/year


Source: Genworth Cost of Care Survey 2024


Without a plan, these costs can quickly erode retirement savings.


🏥 What Does Long-Term Care Include?

LTC helps with “Activities of Daily Living” (ADLs), such as:

  • Bathing

  • Dressing

  • Eating

  • Toileting

  • Continence

  • Transferring (e.g., getting in/out of bed)


It also covers services like:

  • Home care and personal aides

  • Physical therapy

  • Medication management

  • Help with housework and meals

  • Dementia or Alzheimer’s care


🛡️ What Is Long-Term Care Insurance?

Long-term care insurance helps pay for services that regular health insurance or Medicare doesn’t cover.


Standard LTC Insurance Plans Offer:

  • Daily or monthly benefit limits

  • Coverage for home care, assisted living, nursing homes

  • Elimination period (waiting time before benefits start)

  • Benefit periods (e.g., 3, 5 years, or lifetime)


❌ Cons of LTC Insurance

  • Premiums can be expensive, especially if purchased later in life

  • Lost money! May not be used if care isn't needed

  • Policy limits may not fully cover high-cost care

  • Underwriting required – may be denied based on health


📈 There Are Alternatives to Traditional Long-Term Care Insurance


Worried about the rising cost of long-term care—but not sold on traditional LTC insurance? You’re not alone.


At Vulpes Financial Consulting, we help clients take a smarter approach to planning. Explore options that offer more flexibility, protection, and value:


  • Hybrid LTC Policies – Life insurance with LTC riders that let you use your benefits when you need them

  • Asset-Based LTC Plans – Use existing assets to fund care without losing control of your wealth

  • Leverage Strategies – Multiply your LTC funds, double or triple your money with smart structuring


    Grow your wealth: Achieve two to three times growth in LTC funds!
    Grow your wealth: Achieve two to three times growth in LTC funds!

Protect your future and your finances. Let’s find the right fit for you.

📞 Take Control of Your Long-Term Care Plan


Don’t wait until care is needed. Start planning now to maintain:

  • Independence

  • Financial security

  • Quality of life


📅 Ready to explore your options? Let’s chat.


💬 Text "Zoom Call" to: 573-303-4189



 
 
 

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