"And it Pays You Cash - Which is Just as Good as Money"

By Louis J. Rosa / October 6, 2009 --

You’ve no doubt seen the AFLAC commercial with Yogi Berra when he says, “It’s the insurance you need to have, if you don’t have it, that’s why you need it. And, it pays you cash which is just as good as money.” Yogi’s quirky philosophical comments date back to his days as a baseball manager. Who can forget; “It ain’t over ‘till its over.” They all sound silly at first but as you digest his comments, you come to realize the simplicity of truth in them.

If you have read any of my previous articles, you know that I stress the importance of preparing for Long Term Care expense (LTCi) and the advantages of addressing this need, sooner, than later. So, in the words of Yogi, “if you don’t have it, that’s why you need it. And, it pays you cash which is just as good as money.”

OK, so you realize that you (and your spouse) need to address this issue of Long Term Care but have questions. How much does it cost? How mush coverage will I (we) need? How will I know what plan is right for me (us)? What are my (our) options? These and other questions can best be answered by consulting with your advisor or agent but in order to give you a few ideas, here are three options I present to my clients.

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