I just learned from my business partner that one major insurance company will no longer accept Long-Term Care applications after the end of the year. The other major insurance companies have applied to California for substantial increases for new business. So what? What this means…. for those individuals who are considering LTC in their individual financial planning, it’s best to do it now and not wait.
Two years ago after several years of thinking about it, I decided to buy LTC insurance as I reviewed my overall financial plan. Yes, it’s expensive, but the value to me outweighs the cost. (If you’d like more information on Long Term Care insurance or my decision points, let me know.)
What decisions in your life are you not doing or have procrastinated about? Isn’t it time to make decisions based on the value of doing something vs. the cost you may incur?
This can be applied to both personal and business decisions. Good decisions bring a sense of serenity.
