Long-Term Care

With Americans living longer and health care costs continuing to rise, it's more important than ever to have a strategy in place to help shelter yourself from the risks that long-term care may present.

Like most types of insurance, long-term care coverage is designed to help protect your personal and financial well-being. But before you can decide whether it's an appropriate option for you, the first step is to be sure that you have a clear understanding of what long-term care involves.

Most often, long-term care encompasses custodial care - as opposed to skilled nursing care - meaning the support and assistance a person receives with activities of daily living (ADL). These might include bathing, dressing, eating, toileting, and transferring.

The necessity for long-term care - whether as a result of normal aging or due to illness or injury - can create significant anxiety and stress for you, as well as for family members and loved ones. While it may be hard right now to imagine yourself ever needing help with such basic activities, the choices you make now can help ensure that you're able to maintain the independence you want later. And the younger you are, the more options you're likely to have available to address your specific requirements.

An approach designed around you

Long-term care coverage is a key element of any risk management strategy - not to mention an important component of a comprehensive retirement or wealth management plan. At Think Financial Planning, we take a highly personalized approach to creating a framework for insuring your future - with the relationship we maintain with you at the foundation.

As your guide, we take the time to understand your unique priorities and wishes. This process may incorporate discussions about personal health issues or concerns. While we recognize that this can be unsettling, our goal is to identify alternatives that can provide the safety net you need and the flexibility you want - at an affordable cost to you.

We consider such things as the type of care you may require and your preferences about where you would like to receive this care - whether it be in your home or in an assisted living, adult day care, or nursing home setting.

We work with you every step of the way to help ensure that the process is smooth, in order to develop a long-term care plan that's well-coordinated with any other risk protection policies you may have and compatible with your overall financial picture.

Contact us

Think Financial Planning, offering products and services through Commonwealth Financial Network, can help you develop a strategy that is best suited for your needs.

Contact one of our Advisors today to discuss long-term care insurance options.


The financial advisors of Think Financial Planning offer securities and advisory services through Commonwealth Financial Network®, member FINRA/SIPC, a Registered Investment Adviser. Investments are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Funds are subject to investment risks, including possible loss of principal investment. Think Mutual Bank is not a registered broker-dealer or Registered Investment Adviser. Think Mutual Bank and Commonwealth are separate and unaffiliated entities. Fixed insurance products and services offered by CES Insurance Agency, Think Insurance, or Think Financial Planning. Think Financial Planning is headquartered at 5200 Members Pkwy NW, Rochester, MN 55901. Check the background of this firm on FINRA's BrokerCheck.

This information is provided for new customers who live or work in Minnesota, and for existing customers residing in the states of AR, AZ, CA, CO, FL, IL, IN, IA, KS, KY, MA, MD, MI, MN, MO, MT, NM, NV, NY, ND, NC, OH, PA, SD, TN, TX, UT, VA, WA, WI, WY. No offers may be made or accepted from any resident outside of these states due to various state regulations and registration requirements regarding investment products and services.

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