Did you know the average cost of a private room in a retirement community is $100,000? Moreover, the average time patients need long-term care is three years. Including any care your children or family members provide, there is a 70 percent chance individuals over 65 years old will need some form of long-term care during their lifetime. That’s why it’s important to begin planning now. The costs of long-term care can be stunning. For instance, patients with dementia or Alzheimer’s require over $500,000 worth of long-term care throughout their lives. Watermark Wealth Strategies LLC wants to spare your family members the financial burden of caring for you with comprehensive long-term care insurance in Scottsdale and throughout Arizona and Minnesota.
Like all of our financial offerings, purchasing long-term care insurance is a personal choice each Scottsdale, Phoenix, and Payson, MN resident makes for themselves. You must consider every risk factor when deciding what kind of coverage to get, from family medical history to current health conditions. At Watermark Wealth Strategies LLC, we’re skilled at getting you the answers you need and helping you decide on a plan that works for you, not us.
Simply put, long-term care insurance and extended healthcare can help save your dependents money and stress. The costs of a long-term, debilitating illness can severely deplete your portfolio, erasing everything you worked for in life and leaving your children with less. Protecting their financial wellbeing, as well as yours is crucial. Watermark Wealth Strategies LLC has a proven track record of providing custom, client-focused advice across all spectrums of wealth management. From Social Security planning to wealth management, our advisors are here to manage your future and the financial future of your children. Contact us today to get started.