Respect for elders is central to many families as old age should be honored and celebrated. Planning for the aging process before someone gets to the latter stages of losing mobility and independence is important. Sooner or later, something will happen which causes people to need help from another person. According to the Family Caregiver Alliance, there are about 44 million Americans providing informal care each year for adult family members and friends with chronic illnesses or conditions that prevent them from handling daily activities such as bathing, managing medications or preparing meals on their own.
Providing for your family member’s long-term care can be very expensive, physically, emotionally and financially. At I & E Planning we help you craft a long-term care plan, also known as an extended care plan, that can be tailored to fit your needs and your budget. A few minutes with one of our advisors and you can be on your way to creating a solution that works you and your family.
Will You Need Care?
A 65-year-old has an almost 70% chance of needing long term care in their lifetime.
Women & Long Term Care
On average, women will need care for 3.7 years. That’s 1.5 years longer than the average for men.