Lattes and Long Term Care Insurance

A painless way to help parents who can't or won't purchase long-term care insurance. It's called the Latte LTC Savings Act.

If three adult siblings give up one latte daily, at a savings of $12 collectively, they will save $84 weekly. In one month, they will save $336 collectively. In one year, they will save $4032. That will buy LTC insurance for one parent for two years. 

That's only one latte daily. What if they gave up three lattes a week and covered both parents. Run the numbers for yourself. 

I don't sell insurance. I'm not a financial adviser. I'm not an economist. But this isn't rocket science . It's common sense that kids may have to make a small sacrifice to make sure they and their parents are not bankrupted by long term care costs. 

I speak to groups about conversations that matter between generations. People don't plan for lots of reasons, but their children can protect themselves by doing this for their parents. Everyone wins.