Long-Term Care Insurance Is Usually Less expensive than Do-It-Yourself Caregiving, Broken Arrow-Based Agent Advises

In case one of your aging parents abruptly must have assistance with the chores of daily living

New York City, NY (prHWY.com) December 6, 2011 - FOR IMMEDIATE RELEASE
Contact:
Terry Anderson
Partner
LTC Financial Partners
terry.anderson@ltcfp.net
620-805-2652

Broken Arrow, Oklahoma, December 6, 2011 - In case one of your aging parents abruptly must have assistance with the chores of daily living, who is going to deliver it? You? "If that's your default solution," asserts Terry Anderson, Broken Arrow-based agent with LTC Financial Partners, "be prepared for sticker shock. Your services don't come costless."

"Do-it-yourself caregiving could turn out to be quite pricey. In fact long-term care insurance, even with premium payments extending in excess of 30 years, could end up being significantly less costly."

This statement draws on a recently available report issued by the MetLife Mature Market Institute, "The MetLife Study of Caregiving Costs to Working Caregivers: Double Jeopardy for Baby Boomers Caring for Their Parents." For America's 10 million working caregivers, life-long losses in pay, pensions, and also social security benefits total around $3 trillion, based on the report. That is $304,000 for every worker..

"It might cost an individual a fraction of that for insurance, so you have the funds to hire a qualified professional to care for your father or mother," says Anderson.

Additional information can be obtained from Terry Anderson at 620-805-2652 or http://TerryAnderson.ltcfp.com.

Anderson is a leading Oklahoma long-term care insurance agent, and LTC Financial Partners is one of America's largest and most experienced long-term care insurance agencies. The company is a co-founder and sponsor of the "3 in 4 Need More" campaign, which seeks to multiply the number of Americans protected by long-term care planning.

In California the company is known at LTC Partners & Insurance Services; in other states, as LTC Financial Partners.

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