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Common Myths

  • Everyone deserves long-term care education and everyone needs a plan for long-term care. Whether that plan involves long-term or extended health care insurance is your choice.

    What is your plan to protect your most important asset - your family?

    Myth: Long-term care insurance is for the elderly and frail.
    Reality: 43% of all people in this country receiving long-term care services are under the age of 65.*

    Myth: Chances are that I won't need care.   
    Reality: 70% of individuals over age 65 will require some type of long-term care services during their lifetime.**

    Myth: Long-term care insurance protects you.
    Reality: Long-term care insurance protects your most important asset - your family - from the financial, emotional, and physical consequences of needing extended care.  It allows your family members to supervise your care, not provide it.

    Myth: Long-term care insurance is expensive.
    Reality: Long-term care insurance is affordable and is only expensive if not designed appropriately.

    Myth: Medicare, Medicaid, or private insurance will cover any future extended care costs.  
    Reality: None of these programs are intended to cover the cost of long-term custodial care.  In fact, the only ways to pay for extended custodial care are self-funding (out-of-pocket), with long-term care insurance, or a combination of the two.

    Myth: Long-term care insurance is something to be purchased after age 60.   
    Reality: You are never as young and as healthy as you are today.  Most people wait too long to consider long-term care insurance, then find themselves uninsurable.

    Ask yourself . . .

    Why would I want to own a long-term or extended health care insurance policy?

    Do I want to risk losing my life savings, retirement income, and my independence to the greatest single financially devastating event of my life?

    If I could find an affordable way to transfer this risk, as I do my homeowners and auto, why wouldn't I?

    To learn more about this educational program or to schedule your personal and complimentary long-term and extended health care educational session, you can contact a Certified Long-Term Care Specialist (CLTC):

    Edward Althof, CLU, CEBS, CLTC
    (814) 833-5433 or toll free (877) 718-9935
    ealthof@LSinsure.com

     Michael Ocilka, CLTC
    (724) 212-3707
    mocilka@LSinsure.com 
     
    Jennifer DeForce, Long-Term Care Coordinator
    Gannon Class of 1995
    (814) 833-5433 or toll free (877) 718-9935
    jdeforce@LSinsure.com

    Michael Beuchert, CLU, LUTCF, CLTC
    Gannon Class of 1971
    (814) 833-5433 or toll free (877) 718-9935
    mbeuchert@LSinsure.com