The Insurance You Hope You Never Need

The first one that we're going to go into Chandler is why long term care is retirement's biggest financial wildcard.

And it really can be.

Absolutely.

This is a very big focus that I have personally.

We've dealt with it with two different of our grandparents.

I've seen family, friends from all different ages have to go to long-term or assisted living.

I know the costs that are associated with that and the emotional aspect of it as well.

I'm going to throw some statistics around and then I'm going to break it down a little bit more.

I'm looking at the big picture and the number I'm going to throw out, it's actually a little bit higher than what this says, but about half of baby boomers are expected to need long-term care at some point in their life.

And that number as of today is more closer to about 70% of 65 plus is going to use some type of long-term care at some point in their life.

Roughly 52% are going to develop a disability serious enough that will put them in long-term care that doesn't necessarily just mean you know they can't take care of their house anymore so they're going to assisted living they've had something happen to them where now they have a full disability where all of a sudden like we use my grandma as an example overnight you can be fine and the next day

have to have full assisted living we never know And by disabled, you mean like an ADL basis?

Yes, like ADL, like not able to do your activity day living, just you got to have someone to help you out.

But only 20% of Americans can correctly estimate the nursing home costs in their state or have even really kind of looked them up.

No one really thinks about it.

Everyone wants to kind of avoid it.

I always say when you walk into a nursing home, even if it's a nice one, when you kind of walk away, you never really feel good about leaving people like in a nursing home.

So we look at a lot of different alternatives to just like a nursing home that at home cost is a big one.

And just the national average of home healthcare costs is around $80,100 a year in 2026.

And Alabama is actually a pretty expensive state when it comes to long-term care.

So you need to really pay attention to it so that you don't maybe end up on a state facility.

But if you do, at least know that there are state options to help you, but we wanna try to avoid those at all times.

15% know the cost of the home aid services.

Those are what I was talking about.

Let's keep you at home.

The first one that we're going to go into Chandler is why long term care is retirement's biggest financial wildcard.

And it really can be.

Absolutely.

This is a very big focus that I have personally.

We've dealt with it with two different of our grandparents.

I've seen family, friends from all different ages have to go to long-term or assisted living.

I know the costs that are associated with that and the emotional aspect of it as well.

I'm going to throw some statistics around and then I'm going to break it down a little bit more.

I'm looking at the big picture and the number I'm going to throw out, it's actually a little bit higher than what this says, but about half of baby boomers are expected to need long-term care at some point in their life.

And that number as of today is more closer to about 70% of 65 plus is going to use some type of long-term care at some point in their life.

Roughly 52% are going to develop a disability serious enough that will put them in long-term care that doesn't necessarily just mean you know they can't take care of their house anymore so they're going to assisted living they've had something happen to them where now they have a full disability where all of a sudden like we use my grandma as an example overnight you can be fine and the next day

have to have full assisted living we never know And by disabled, you mean like an ADL basis?

Yes, like ADL, like not able to do your activity day living, just you got to have someone to help you out.

But only 20% of Americans can correctly estimate the nursing home costs in their state or have even really kind of looked them up.

No one really thinks about it.

Everyone wants to kind of avoid it.

I always say when you walk into a nursing home, even if it's a nice one, when you kind of walk away, you never really feel good about leaving people like in a nursing home.

So we look at a lot of different alternatives to just like a nursing home that at home cost is a big one.

And just the national average of home healthcare costs is around $80,100 a year in 2026.

And Alabama is actually a pretty expensive state when it comes to long-term care.

So you need to really pay attention to it so that you don't maybe end up on a state facility.

But if you do, at least know that there are state options to help you, but we wanna try to avoid those at all times.

15% know the cost of the home aid services.

Those are what I was talking about.

Let's keep you at home.