| 7.
It is easier to make plans when you are physically and
mentally fit. As time passes, your health may
deteriorate making it more difficult or even impossible
for you to select some options.
8.
Planning early will allow you to seek advice from professionals,
such as financial planners, attorneys, and social service
employees. They can provide information to help you
maximize your options.
9.
Planning early may allow you to purchase long term care
insurance before your health deteriorates
making you ineligible. Waiting to purchase long term
care insurance usually increases the premiums and your
chances of becoming uninsurable. Take time to carefully
evaluate policies and compare how they meet your needs.
10.
Planning early will help you protect your own financial
security and that of important others. Why
put your financial security at risk due to long term
care costs? It is impossible to predict when any one
individual might experience the need for long term care.
Protecting against changes in health and independence
during your lifetime is an essential part of financial
planning and risk protection.
The
University of Minnesota Extension Service is an equal
opportunity educator and employer."
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