Recovery Takes Time

A Long-Term Care Case Study

Ron, age 34, was a fit, healthy, hardworking man who worked in the IT industry. Ron and his wife, Sarah, recently gave birth to their son, Peter. On the weekends, Ron and Sarah enjoyed being outdoors—going on long walks, taking Peter to the park, and traveling on occasional camping trips. They were a happy young family, with so much to look forward to. Then one day, Ron suddenly suffered a stroke, and in an instant, their lives abruptly changed.

After the stroke, Ron spent two weeks in a coma and the next three months in rehabilitation. As Peter was learning and developing, so too was Ron. He had to learn to walk, to talk, and to feed himself all over again. Sarah was overwhelmed trying to raise and teach her young child while at the same time trying to care for her husband.

After a few weeks, Sarah broke down to Ron and told him that as much as she loved him and wanted to be his caregiver, it was taking a toll on her. She was completely physically and mentally exhausted from working, caring for Peter, and taking care of Ron. While the couple discussed how they would proceed, Ron remembered that a few years back, his Financial Professional recommended he purchase Long-Term Care Insurance. He explained to Ron that not only does it cover nursing home care when you are older, but it will provide protection if he ever needed any type of care throughout life. Ron and Sarah reviewed the policy he owned and realized that it would cover the expenses of in-home care. They contacted the insurance company and were connected with a care coordinator. The care coordinator clarified the options available to them. Ron and Sarah were able to hire a nurse to come and help Ron with his daily activities. Their nurse was a huge help; during the day while Sarah was taking care of Peter, the nurse was there to assist with Ron’s needs. This relieved Sarah of the overwhelming burden of caring for both of her family members.

Today, Ron has made tremendous progress and is even back to doing the outdoor activities he has always loved. While Ron and Sarah never expected this untimely event, they managed to make it through and continue on with their lives as a happy family. The Long-Term Care policy not only provided the care they needed but it also protected their savings. Had Ron not purchased the policy, they would have had to pay for all of the care he received, depleting the assets they worked so hard to save for Peter's educational future.

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