05/26/2026
Understanding the A-B-C's of the cash benefit in a Long-Term Care policy is essential for planning ahead.
A is for Assets. When the need for Long-Term Care arises, many worry about having sufficient assets to cover the necessary care. This concern is particularly significant for those who may need to liquidate investments like stocks, CDs, or property to fund their care.
B is for Burden. Families often step in to assist loved ones requiring Long-Term Care. However, this can be challenging for adult children balancing their own family and career obligations. Most individuals prefer not to become a burden to their families during such times.
C is for Choices. A Long-Term Care Insurance policy that provides a cash benefit allows individuals to receive care in the comfort of their own homes. The cash benefit can be utilized as needed, whether for purchasing an airline ticket or gas for a child to visit, or for services like housekeeping and meal delivery.
For more information, contact The Draper Insurance Group at 615-379-3302 or via email at [email protected].