Long-Term Care Planning
As people are living longer and conditions like dementia become more common, the need for long-term care is growing.
Planning for this care can be tricky, especially when paying for it. The cost depends on many uncertainties, including how long we will live.
ENJOYING LIFE IN LATER YEARS
Long-term care insurance can provide the financial support you need if you need to pay for care assistance for yourself or a loved one. Additionally, some long-term care insurance will cover the cost for those who need help to perform the basic activities of daily life such as getting out of bed, dressing, washing and going to the toilet. You can receive long-term care in your own home or in residential or nursing homes.
When planning for long-term care, one of the most important things to consider is how you will fund it. Regardless of where it is received, paying for care in old age is a growing issue.
As more of us can now look forward to living to a ripe old age, planning for a secure financial future has never been more important. At D G Financial Services, we can assist you to review the appropriate options available and minimise the impact of funding long-term care.
COMPREHENSIVE NEEDS ASSESSMENT
We begin by conducting a thorough assessment of your current situation and potential future needs. This includes your health status, lifestyle, family history, and financial resources. This detailed review allows us to create a tailored long-term care plan that aligns with your unique circumstances and goals.
LONG-TERM CARE OPTIONS EXPLORATION
There are numerous options available for long-term care, ranging from in-home care to assisted living facilities and nursing homes. We will help you explore these options, providing insights into the pros, cons, costs, and other relevant factors for each.
FINANCIAL PLANNING
Long-term care can be costly, but with careful planning and smart strategies, it can be made more affordable. We will help you understand the costs associated with different care options and develop a financial plan that ensures you can afford the care you need without unnecessary strain on your finances.
INSURANCE GUIDANCE
Insurance can play a crucial role in covering long-term care costs. We will help you navigate the complexities of different insurance options, such as long-term care insurance, life insurance, and annuities, advising on the best choices based on your situation.
LEGAL CONSIDERATIONS
Legal issues can often arise in the context of long-term care. Whether it's creating a will, setting up a trust, or assigning power of attorney, our team can guide you through these processes or connect you with qualified legal professionals.
ONGOING SUPPORT & REVIEW
Our commitment doesn't end once your long-term care plan is in place. We provide ongoing support and regularly review your plan to ensure it continues to meet your needs as your situation evolves.
ARRANGE A CONVENIENT VIDEO OR PHONE CONSULTATION WITH US
You can schedule a meeting with an independent financial adviser online or by phone.
We're not just financial advisers but your partners in preparing for the future. Our team is dedicated to providing personal services, informed guidance, and peace of mind. We understand the complexities of long-term care planning and are committed to confidently helping you navigate them.
Take the first step towards securing your future. Contact us today to learn more about our long-term care planning services.