Could long-term care costs
Senior Vice President, Frost
Imagine your doctor delivers a
devastating diagnosis. Sooner or later a caregiver will be your
lifeline, feeding, bathing and dressing you, and attending to
other basic needs just so you can get through the day.
As you learn, this comes with a hefty price tag.
Without planning and depending
on your accumulated wealth, income and family dynamics, you would face
some hard choices and almost certainly deplete your financial
assets. Those consequences could be minimized by
including long-term care in your financial planning.
A long-term care policy pays for
specific services, according to the terms and conditions of
the policy. You're insuring that if you need long-term care
-- generally defined as help with the activities of daily living -- you
won't pay 100 percent of the costs of that care out of your pocket.
Your decision to purchase long-term
care insurance depends on many factors, but at least by
age 55, you will want to begin investigating policy options.
For more information, contact Nancy Thomas at
210-220-6532 or nthomas@frostbank.com
www.frostbank.com
Nancy Thomas is
a registered representative of Frost Brokerage Services Inc., member
FINRA and SIPC. Investment and insurance products are offered through
Frost Brokerage Services Inc., member FINRA and SIPC. Insurance
products are also offered through Frost Insurance. Investment and
insurance products are not FIDC insured, are not bank guaranteed and
may lose value.
This information
is sent on behalf of a valued BCMS Circle of Friends sponsor at the
gold level, but it is not an endorsement. Donations from Circle of
Friends sponsors help keep down the cost of dues and allow BCMS to
continue to provide quality service to its members. The society
continues its pledge to you and only will involve itself in services
and programs that benefit you, the member, and your patients.
