“It’s Time to Face the Long-Term-Care Dilemma”
Wall Street Journal Online (06/09/14) Blumenthal, David

For the 69 percent of seniors who will need long-term care, there are few good options. Many will receive help from family or friends, but AARP says that declining family size means a 43 percent reduction in the supply of these “informal” caregivers by 2030. Roughly 12 percent of Americans over 65 have private long-term care insurance, but that paltry proportion is declining rather than growing. There are other challenges. Increased life expectancy will likely mean more demand for these services, and rates of disability for boomers are increasing, due in part to the obesity epidemic. There is some good news: Medicaid has increased funding in recent years for home and communitybased long-term care services, and states are innovating to promote and support informal caregiving. But it still adds up to a frightening reality. For many boomers, the only option will be spending down to poverty, moving into a nursing home and having Medicaid foot the bill.

No One Wants to Be Dependent on RFC (Relatives, Friends, or Charity)!!

The Knights of Columbus believes in helping you keep your promises. Long-Term care Insurance with the order can help you to do just that. Long-Term care can devastate a family’s finances and seriously deplete funds you have saved for retirement, or had planned to leave to your heirs. For those who wish to preserve their estates, reliance on government programs for Long-Term care is usually not an option. Expenses for Long-Term care are substantial and can seriously erode your estate, quickly undermining the most well crafted asset protection plan.

Fortunately, there is a way to keep this from happening. Contact me to discuss how Knights of Columbus Long- Term care Insurance can help you.

Fraternally, Your Brother and Field Agent,
Marco Manrique
CA LIC 0I39878, FA16570
(707) 301-1783
marco.manrique@kofc.org