Phil Cannella Lawsuit, Phil Cannella The True Senior Advocate, Phil Cannella Lawsuit

Phil Cannella Lawsuit

Phil Cannella Lawsuit:
Phil Cannella has worked long and hard to establish himself as one of the country’s foremost financial professionals. After many years in the insurance industry, selflessly catering to the needs of the retiree, Phil Cannella was truly a man who understood the concerns of people as they grew older and he provided answers to their needs and concerns.

The first line of help he provided seniors with was a solution to a basic problem of aging, the need for long term care. While many people don’t seem to see how big of an issue this can be, Phil Cannella can truly appreciate it on a first-hand basis. When he was a young man, his grandfather had worked all his life looking forward to the day he was set to retire and when that day came, he, like so many Americans wanted to enjoy his golden years as he so long dreamed of.

Phil Cannella Lawsuit:
Unfortunately he was hit with a stroke and in one short breath his retirement dreams were whisked away from him and there was nothing he could do about it. Worse, he was in the need of nursing home care and even in those days the cost was so exorbitant. Phil’s father had to take 3 jobs just to keep the bills paid. The young Phil Cannella witnessed first-hand the tragedy this brought to an individual and to a family as a whole.

Phil himself had to go out and take a job, cutting his educational curriculum short in order to help pay the bills. This is what brought him in search of a solution to this dilemma that not only affected his family, but takes its toll on millions of households year in and year out. This is when he discovered that just such an answer is provided within the insurance industry in the form of long term care insurance that is designed for just such events when someone in life is unable to perform some of the basic activities of daily living.

Phil Cannella Lawsuit:
The mental and physical trauma caused to family members who have a loved one in need of such care is echoed by this person, and I quote: “I am a 62 year old who watched his mother, mother-in-law, and father-in-law struggle with health issues for many years before they passed away. All three eventually spent their last few years in nursing homes but the real tough part was the 7 to 8 years of being cared for at home before the final stays of 3 to 5 years in a skilled care nursing facility. Their ages at death were 85, 95, and 93. My dad clocked out at 78 after a nasty bout with cancer.”

“The financial toll that this care inflicted on both sides of our family was astonishing. The emotional, and sometimes physical toll it inflicted on the courageous family members who provided the home care and supervised the nursing home care was worse.”

Phil Cannella Lawsuit:
This is why Phil Cannella made it his mission in life in the early days of his professional career to become an expert on long term care and he went door to door offering long term care insurance to families. In fact Phil Cannella was one of the country’s leading pioneers of long term care insurance and made a name for himself in the industry because of the sheer volume of people he had helped.

One of the things Phil Cannella has explained is that many people just don’t think they will ever need long term care and are fooling themselves thinking “it will never happen to me.” Some very enlightening statistics as given in the Wall Street Journal show this to be otherwise:

Phil Cannella Lawsuit:
“The truth certainly stings. More than 70 percent of Americans over the age of 65 will need long-term care services at some point in their lives, according to a study by the U.S. Department of Health and Human Services. If that doesn’t open eyes, consider the 
following HHS statistic: Anyone reaching the age of 65 years has a 40 percent chance of entering a nursing home, with a 20 percent chance of staying there for at least five years.”

“HHS pegs the average cost of a semi-private room in a nursing home at $72,270 a year, or $198 a day. A private room is $219 a day, or $79,935 a year. These are average costs, bear in mind. In large cities like New York and Boston, it is not uncommon for the expense to exceed $100,000 annually.”

It is for good reason that Phil Cannella has continued throughout his 40 year career as an insurance professional to offer long term care insurance to his clients as well as those who attend his educational programs week in and week out. It is this selfless drive to help his fellows that has made him a true senior advocate.


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