Friday, June 13, 2008

Why Women in Arizona Need Long Term Care Insurance

Arizona women are more powerful than ever in their careers. Though women can claim new titles such as CEO, executive, small business owner, manager, or employee they are still daughters, wives, mothers, and friends. Women are also very often the care takers for their parents, husbands and children when they become too ill to take care of themselves. For all these reasons and for their own personal peace of mind Arizona women of all ages should consider an Arizona long term care insurance policy for themselves and their family.

Long term care insurance pays for custodial care when an individual can no longer accomplish two of seven activities of dialing living such as eating, bathing, or toileting. The care can be received in the home and assisted living facility or in a nursing home. Though it is hard to picture yourself needing this type of care, statistics show us that 69 percent of people will need some type of long term care in their lifetime and that women are almost three times as likely to live in nursing homes as men. The average cost for a private room in a nursing home is $77,745 annually. How many years of that could any family or individual take before they are financially ruined?

The costs are so staggering that often a married couple, having one spouse chronically ill or injured, who need a long term care stay find themselves’ financially devastated. The cost is so prohibitive that many families band together and give the needed care themselves. Many baby boomers found themselves in the middle of careers and families having to stop their lives and take care of their parents. Almost always it is women who give this type of care. Caring for a chronically ill family member comes with an unnecessary emotional and financial burden on the caregiver and their families.

Traditionally women live longer than men and they are living even longer due to the advances of medical science. These factors are some of the reasons women are three times as likely to need a long term care stay in their life. No parent should want to put the burden of their chronic condition on their children. If for no other reason, women should have a long term care plan, so that they can afford to maintain their quality of life.

If we love the people in our lives we owe it to them and ourselves to put into place a easily affordable Arizona long term insurance plan that will pay some or all the cost of this most needed care.



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