Phil Cannella – Phillip Cannella Media: Phil Cannella
Phil Cannella was one of the early pioneers of long term care insurance going back to the 1970s when he sold what was then known as nursing home care door to door. Phil Cannella to this day offers long term care insurance to his clients in order to protect their nest eggs in case a need arises for some form of long term care.
As Phil Cannella explains, the cost of long term care is extremely high with nursing home care running the region of $100,000 a year and home health care running in the region of $50,000 a year. Assisted Living Facilities are another provider of long term care for those in need and these can be a little less expensive comments Phil Cannella.
As assisted living facility is defined as: “An assisted living facility is a senior living option for those who are in need of some assistance with daily living yet aim to live as independently as possible. There are many defined types of senior living, and assisted living would fall between an independent living community and a nursing home. A typical assisted living home might offer 24-hour monitoring of its residents and various support services such as medication administration or bathing, while providing the resident with more freedom and privacy than a nursing home.” (Source:http://www.assistedlivingfacilities.org/blog/what-is-an-assisted-living-facility/)
Phil Cannella points out that long term care insurance will usually provide this type of coverage for a person who owns such an insurance policy and qualifies for long term care.