What is the real reason people choose to get a long-term care plan? Many couples initially push off the conversation, claiming they are "self-insured." However, true insurance spreads risk across a large group, whereas "self-funded" simply means using your own hard-earned savings to foot the bill.
In this video, we dive into a real-world shift that many families experience. For couples like Tom and Susan, their perspective completely changed when Susan’s mother required unexpected care. Seeing firsthand the massive disruption and Caregiving toll it took on the Family made them realize that long-term care planning isn’t actually for you—it’s for them. Discover why securing a dedicated policy is the ultimate way to protect your children and spouse from a future crisis, even if you have the wealth to pay for it out of pocket.
🔍 Frequently Asked Questions (FAQ)
– What is the difference between self-insured and self-funded? You cannot truly be "self-insured" because insurance requires pooling risk with others. Being "self-funded" means you bear 100% of the risk and will have to use your personal assets and Retirement savings to cover expensive healthcare costs.
– Why do people change their minds about long-term care? Most people change their minds after witnessing a parent or relative go through a Health crisis. Experiencing the emotional and practical burden it places on adult children often drives individuals to ensure they never put their own kids through the same situation.
Questions? Email us at [email protected], call us at (919) 535-8261, or visit our website at https://cardinalguide.com/
