When considering retirement, I think most of us have images in our head of traveling, grandchildren, golfing and maybe jazzercise. Hobbies set to the side might be enjoyed and completing projects becomes an option. Do you see a pattern? People have hope for the future and get busy making plans. However, what happens when our plans don't materialize? Often, our state of health dictates our path and it might look very different than we had anticipated. While there's no enjoyable way to map out a dreadful circumstance, looking at the options of long term care insurance might be a comfort.
No one wants to plan for an injury or, even worse, a disease that incapacitates. Although, I challenge you to consider doing just that. Should disaster strike or sickness set in, your retirement account could dwindle at an unexpected rate if outside care is needed. Different levels of care may be needed and the insurance is set up to accommodate a variety of circumstances. Currently, this is one thing I am too young to obtain but I will apply for it when I come of age. I like the idea of my family having help to care for me, if needed. There is a peace of mind that sets in knowing the worst case scenario plan is in place.