June 2020

An Education Minnesota ESI Member Benefit

Care or Companionship? It's not just what long term care insurance can do for you, but what it can do for your loved ones?

Chances are most of us will need help at some point in our lives. In fact, those age 65 and older have a 70% chance of needing long term care services at some point, according to the U.S. Department of Health and Human Services. Where will that care come from? Relying on your family to care for you is an appealing option. You have their love and trust, and it's comforting to know they would care for you and ensure your well-being. At what cost? But what many don't consider is the difference between a companion and a caregiver. Having family to assist you is great, but studies show that relying on them day in and day out for your care takes a toll on their physical and emotional health. Family members who work and provide caregiving services for a loved one are much more likely to suffer from stress, anxiety, or depression than those who aren't caregivers.1

Plus, many caregivers suffer long term work and the financial consequences of providing care. The majority of caregivers reported missing work or being late because of their caregiving responsibilities.2 Additionally, 71% of caregivers say their financial contributions cause them stress, and many contribute even though the cost could put their financial future in jeopardy. In fact, one-third had to cut back on their own expenses.3

The Solution Long term care insurance is a good solution to this problem. It generally pays for care when you need it and where you'd like to receive it. The majority of people who rely on care as they age get that care at home. Long term care insurance can pay for a wide range of care, from help with housework to visits from a nurse to care in an assisted living or nursing facility, if needed. Long term care insurance gives you options and allows your loved ones to spend quality time - not caregiver time - with you. Hear from other families about why they decided on long term care insurance as the right solution. Check out these educational videos from the non-Profit LifeHappens organization. Check out these educational videos from the non-profit LifeHappens organization.

Access LifeHappens Educational Videos

Senior Transportation Options: Introducing Lifesprk GO!

Having access to adequate transportation plays an important role in healthy aging. But what do you do if you or a loved one is unable to drive or access transportation easily? Introducing Lifesprk GO!, a personalized transportation service. Learn more about this special offering, now available to Education Minnesota members. Learn More About Lifesprk GO!

Have questions about what you read today or just looking for some long-term care planning advice? Please know, we are here whenever a need may arise.

Sponsored by Education Minnesota ESI in partnership with Educators Lifetime Solutions 763-689-9023 | lifeplan@elsllc.org | www.educatorsltc.com

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You are receiving this message because you attended a prior Education Minnesota ESI workshop, where you indicated interest in long-term care insurance. EFS Advisors sponsored this workshop in conjunction with Education Minnesota ESI. You may unsubscribe by selecting the 'unsubscribe' link below at any time.1,2 Unum, Adult Caregiving, 2018. 3 Merrill Lynch, The Journey of Caregiving, 2017.