In this episode, we discussed the MSPG-sponsored movie night event with the Long Island Alzheimer's and Dementia Center, featuring Neil on the discussion panel.
Major themes of our movie night and show discussion include:
- 51% of all long-term care claims are due to cognitive issues.
- While 57% are over 65, a startling 43% of claimants are under 65.
- 46% have health impacts
- 60% have to cut back on luxury expenses
- 75% missed time from work
By showing the real-life tribulations of Pat Moffet, the movie highlights that the pressures of long-term care needs aren't just on the person requiring care but on the entire family, including the caregivers.
The message is that you need to prepare early financially should you need care in the future. Buying protection now will protect your family and save you money in the long run.