Long Term Care Insurance
As you age there is a possibility that you will need assistance with your day-to-day activities. And often, that assistance can cost a pretty penny. Enter long-term care insurance and Pinnacle Financial Services (PFS). PFS can provide long-term care insurance services in Rosemont, Pennsylvania that will help pay for the care that you need while also protecting your retirement assets and allowing you to retain your independence.
Kevin Shields, president and founder of Pinnacle Financial Services, says that long-term care insurance is essential for anyone’s financial plans. Shields became an advocate of selling long-term care insurance after a close family member needed financial assistance after a lengthy long-term care stay. So when Shields first started selling long-term care insurance in the mid-1980s, it became a personal mission for him.
PFS has a division right here in Rosemont, Pennsylvania that specializes in long-term care insurance. Even though long-term care insurance is an under-the-radar type of investment, more and more people find themselves in need of long-term care insurance. There is a problem, however. Many people may know that long-term care insurance exists, but no one is really sold on the idea of why they need it. Here’s a reason: in the year 2008, the first Baby Boomers will start drawing Social Security payments as they enter retirement age. Baby Boomers—not the elderly—are the people who should be looking into long-term care insurance here in Rosemont, Penssylvania.
The biggest challenge of selling long-term care insurance to the Baby Boomers is that most of them range in age from 40-60 years and they don’t feel they need to buy it yet. Shields says the cost of long-term care can range from $200-$600 per day. Then calculate the number of years a person needs long-term care and the costs then become outrageous. The Baby Boomers in Rosemont, Pennsylvania need to purchase long-term care insurance while it’s still affordable. Not only can the Boomers purchase long-term care insurance for themselves, but they can also get it for their parents. People are living longer but that doesn’t mean they can still take care of themselves as they reach older ages. The cost for someone that needs assistance is growing and that makes long-term care insurance that much more important.
Pinnacle Financial Services offers residents in Rosemont, Pennsylvania many long-term care providers such as Colonial America, Met Life and Prudential along with many others.
When you or someone you care about may need assistance with their daily activities, think long-term care insurance. Think Pinnacle Financial Services.