Why Do People Hesitate to Purchase Long-Term Care Insurance?

There are two kinds of people who consider buying long-term insurance for health. Those who see the benefits instantly (often because of personal experiences) are unsure if it’s the right choice.

There are many reasons to be unsure or have doubts when you’re planning your future. Ottawa Life insurance shares here some frequent hesitations that people have.

Hesitation: It’s a Hard to Discuss

Discussing the challenges of aging isn’t on any list of entertaining conversations. While statistics illustrate the complex reality of what seniors endure, having these conversations with your spouse or family members can be difficult.

Solution When you feel it’s suitable, be confident and have fun with your chat. Seek professional counsel and educate yourself so that the topic isn’t daunting or challenging to discuss.

The Hesitation: the Delay Is Medical Underwriting

Long-term care insurance might need a health assessment via phone or searching your medical records and interviewing the person. It could seem too much work or intrusive, which can cause anxiety and disinterest in consumers.

The Hesitation Program: It’s an Investment to the Future

Many people invest in their futures through rental properties, stocks, and much more. For many, the cost of an LTC policy is a cause for concern because the need to take care is so far short. And what is the case if I don’t want it?

“Think About Long Term Care Insurance as an Additional Layer of Security for Your Future. It’s Worthwhile to Invest in While You’re Still Young and Healthy.”

It’s a Tad Confusing: They Haven’t Been in an LTC Event Until Now.

It’s challenging to envision needing assistance unless you’ve dealt directly with an elderly grandparent or parent. People who have personal experience with care know how costly and stressful it can be for the family.

Want to know more? Talk to a long-term care expert today about your concerns about purchasing long-term insurance for care. They will help you determine whether it’s the right choice for you. They can also run estimates with various highly rated companies and help you answer any questions you have. Check out Ottawa Life insurance on (613) 454-1424 or Email us at info@ottawa-lifeinsurance.ca