Facts About Long Term Care Insurance for Women
The need for long term care insurance for women is one of the most important aspects that the government is trying to impart to the residents. Most women do not adequately plan or intend to avail LTC policies because the needs of their families always come first.
But according to some insurance industry experts, women are the most affected and mostly require LTC policies, even if they are not really aware of it. There are two factors behind this, longevity and caregiving.
Women tend to live older and longer than men. This means that they require longer assistance and help from those who are much younger and stronger. They are also the ones who need to be given more attention due to more serious and major issues with their health and well-being.
Also, there are more women population in nursing homes compared to men. Women make up almost 75 percent of an adult day care facility and there are about 72 percent of the populations of those who are 85 years old and above are also women.
Being the ones who have longer life span, the risk of having Alzheimer’s disease is higher in women, making them qualified to receive LTC services. Due to old age, they also tend to be weaker and depend mostly on the assistance of those who are tasked to take care of them.
One more factor why long term care insurance for women is essential and a must-have is because of the fact that more women are left widowed, separated from their husbands, and do not have high financial income or may not even have financial resources at all. This will be a big burden for them and for their family because LTC policies have expensive monthly premiums that individuals must sustain in order to receive its benefits.
Sometimes, women are also left with no choice but to quit their jobs to take care of an older family member or to attend to some important family matters, often leading them to take themselves and their needs for granted. It is common in our society that when husbands caught illnesses, their wives take good care of them. But usually, when the wives are widowed or abandoned, there is no one to take care of them, not even their own children who might have their own families at that time.
As early as now, it is beneficial that women realize their worth and the services that they deserve after years of working hard and managing their families. They have to start planning and considering LTC policy options that best suits their needs in the coming years. This is to prevent them from being neglected and for them to be properly given the attention that their health condition requires.
Long term care insurance for women is a big concern that must be properly addressed to those who want to be assured of a more comfortable and easier life in the coming years. Women must be given more consideration when it comes to availing LTC policies so that they do not have to suffer and face the inconvenience and load of being old.
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