The World According to Poppy: Protecting the Work of a Lifetime
“My wife became ill. She wants to stay at home, but she needs 24-hour nursing care. I’m not sure how long we can afford that.”
“When mom got sick, it fell on my siblings and me to care for her. My sister helped when she could, but my brother didn’t, and now we barely speak.”
“We couldn’t afford a nursing home, so I had to quit my job to care for my father.”
Do any of these stories sound familiar?
Over the past 48 years, we’ve heard countless stories from our clients. We know you don’t work and save and invest for a lifetime to spend it all on a nursing home or a home health care agency. We know that our clients don’t want to be a burden to their children and families.
Our primary focus has always been to help investors grow their money, avoid losses, and create a source of regular distributions and dividends, whether they need it now or in the future. For many, these distributions can enable them to afford long-term care solutions, protecting their lifetime’s work, family relationships, and dignity.
According to the Administration on Aging, 70% of people over 65 will need home health care or some form of long-term assistance.
We believe we can help our clients find solutions to this difficult issue. We offer life insurance policies with long-term care riders. These policies not only serve as a financial asset but can also provide needed support if long-term care becomes necessary. They offer a sense of relief, knowing that if you never need to use the long-term care funds, the policy is paid to your beneficiaries; If you use some but do not fully exhaust the policy, the remaining cash value is passed along to your heirs, providing peace of mind for your loved ones.
We encourage you to meet with your David Lerner Associates Investment Counselor to explore this idea or other options to avoid this devastating problem.
–by David Lerner
About David Lerner:
Before founding David Lerner Associates, Inc., Mr. Lerner was a history and economics teacher at Bayside High School in Queens, NY. In 1976, he established David Lerner Associates, an investment firm headquartered on Long Island, NY, focusing on educating clients about their investment options. Today, the firm has tens of thousands of clients and branch offices in Westchester, NY; Connecticut; New Jersey; and Florida.
Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable– we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.