by avengerki » Wed Jan 02, 2008 09:19 pm
Ok I am 28 years old and I have been thinking of my future for some odd reason lately, namely once I retire. Anyways is it to early to pick up long-term care insurance now? I am in good health. I keep seeing that the premiums are cheaper the younger you start. And would I need to goto an insurance broker to find the right one?
Thank you trying to find things out, become better informed and make the right decision.
Thank you trying to find things out, become better informed and make the right decision.
Posted: Wed Jan 02, 2008 09:32 pm Post Subject: Long Term Care
Hi avengerki and Welcome to the Best Insurance Forum On The Web!
Ok I am 28 years old and I have been thinking of my future for some odd reason lately, namely once I retire.
I can tell you one thing, you are a very wise person. Most people don't think about retirement or long term care until just before they need it.
With excellent health and your young age, you can get some fantastic rates on long term care insurance. Just make sure the plan you choose includes a proper amount of "home health care" - after all, even when people need assistance with the activities of daily living, they still want to remain at home.
We look forward to your input in this community.
Buy the long term care insurance now.
Posted: Wed Jan 02, 2008 09:50 pm Post Subject:
Thank you Insurance Maze I will begin looking into the best plan then. While I would hate to be in an assisted living situation when I'm older I know it is a possibility and just want to be prepared for it as best I can. I think this is all coming about from losing 3 grandparents in the past year and seeing the bills for their care. And also watching my mothers health detioriate and worry about her.
Posted: Thu Jan 03, 2008 02:09 am Post Subject:
You are never too young to start, but many young people don't consider retirement, it is far, far from their minds. I am over 40 and don't like to think about 20 years from now, LOL.
Some employers that I talk to find this troubling about the younger generation, retirement plans and 401k's used to be a good selling point for employers and made them really competitive in the employment arena, these days, kids don't care about that stuff, they want their money now, so employers have had to adjust to this mind set and offer other incentives. The worker that is 30 or older will consider a retirement plan or a 401k a wonderful option, especially if they are married and have children.
You are wise to be thinking about this at your age, you are never to young to invest in yourself.
Posted: Thu Jan 03, 2008 02:45 am Post Subject:
Its kinda hard for me not to pick up retirement related items. It seems wherever I turn at work one of my coworkers is talking about some aspect of it, and its been that way for me since I turned 18 and joined the Army, three different jobs and the same story. I guess its because I tend to sit and be quiet and actually pay attention to what other people are saying and not just zone out.
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