The need for Long-Term Care Insurance is not just about protecting assets but the consequences that needing Long Term Care could have on your friends, family and loved ones. Asset protection is one of the primary reasons people choose to invest in long-term care insurance. One of the most important parts of a persons’ financial plan is how they will prepare for, finance and provide for their long term care should they become one of the majority of people who will need it sometime in their life. A financial plan is incomplete if the issue of long term care is left unaddressed. The costs of long term care are extremely high and continue to skyrocket at nearly twice the rate of inflation. A lifetime of investing and saving can be eaten away to nothing in just a matter of a couple years by the costs of long term care. Another issue to think about is if you fail to prepare for the financing of your long term care needs, who will provide the care? Which one of your family members or friends will help you during this period of your life? Maybe it will be your spouse. There is no doubt that somebody you love will do this for you, but is this really what you want? Statistics show that rates of depression are much higher than the rest of the population among family caregivers. Care-giving can cause dramatic declines in their health and the time and financial sacrifices can be detrimental to numerous other areas of their life and family. Long-Term Care Insurance can let your friends and family actively participate in your life and supervise your care rather than have to be the direct caregivers for pennies on the dollar. Long Term Care will have to be paid for some way, some how, weather it be with your retirement savings, your family’s efforts or through insurance. Call Cochrane Insurance & Annuity Services at 877-670-7526 and let us tell you more about how to plan for the possibility of needing Long-Term Care. You can also visit our Long-Term Care website at www.CochraneInsuranceLTC.com or e-mail us at info@cochraneinsurance.com.