End of Life Planning
Never an easy discussion (but a very important one), End of Life Planning should be encouraged to all employees. From offering prepaid legal services like LegalShield for a well-devised estate plan to offering Long Term Care Insurance there are many ways employers can help.
The need for long-term care is a life-changing event and will disrupt the plans you have created to
secure a sense of financial well-being moving into the future.
The definition of long-term care is custodial care received in an assisted living facility, a nursing home, or
in your own home should you end up with a physical impairment and need assistance with two out of
the six Activities of Daily Living and/or suffer from a severe cognitive impairment.
Some common reasons you may need this type of care are due to an accident (such as a car accident or
injury), illness (such as cancer), aging, or cognitive impairment (such as Alzheimer’s, dementia, or
effects of a stroke). Without a strategy to pay for this kind of care, it may have irreversible emotional,
physical, and financial consequences for your loved ones.
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