The price of Long term care is already high enough. If people do not deal with planning, the cost can go beyond dollars.

 

Caregivers have to deal with a loss of control – over their emotional well-being, their jobs and, in many cases, their financial situations. Care recipients who formulate a plan and communicate their wishes to their loved ones in advance help to return a degree of control to both parties.

 

Genworth's research reveals that those who have been through a long term care event wish they had started planning earlier, and believe that planning financially for a long term care event could have saved them thousands of dollars. The findings also confirm the value of long term care insurance to those who have been through a long term care event.