Home > Education > Insurance > Thankful for Long-Term Care Insurance
Edelman Financial Engines Decorative Triangle Background

Thankful for Long-Term Care Insurance

It can help you when you most need it.

Radio Show Listener: I want to share my story with you. I have been diagnosed with amyotrophic lateral sclerosis (ALS), also known as Lou Gehrig’s Disease. I began having some difficulty with climbing stairs during the spring of 2012. There is no known cure and only one drug, which extends life only two to four months (and I do not tolerate it well). My neurologist says the average life expectancy after diagnosis is four to five years.

I am mostly positive about my condition. After all, we all eventually die; I just have more information than most about what I’ll die from. We are coping with the issues that come up. I expect that I will need more help in the future, but I have a great family and wonderful friends who are ready to help.

I am very thankful that I have long-term care insurance, which I always thought was a waste of money. After all, I figured I was going to die quickly from a heart attack like my father. Who knew?

Ric: Thank goodness you have the LTC policy. ALS is a terrible disease — and an expensive one. Having to cope with the financial challenge only makes the situation worse, so the policy will help you and your family avoid a significant cause of stress (and distress). Your point is an eloquent one: You bought it even though you were sure you didn’t need it. I wish everyone acted as you have.

You and your family have my best wishes, and I thank you for sharing your story with us.

Talk with a Financial Advisor

No Cost. No Obligation.

Single Step Form Articles

  • What is the approximate value of all your investments and savings, not including your home or other real estate? Investments and savings include your retirement accounts, stocks and bonds, funds and savings accounts. We can help you move your financial life forward no matter where you are in your journey.

By clicking submit you are agreeing to our Terms of Use and Privacy Policy.

Schedule Your Free, No Obligation Consultation

You May Also Like: