Did You Know That Over 70% Of People 65 And Over Use Long Term Care In Their Life?
Protect Your Savings
The average monthly cost of a stay in a Long Term Care facility can be as much as $9,000.
Choose Your Care
Many people want the option to remain in their home, Long Term Care coverage allows you to choose where you receive care.
Tax Advantages
Many Long Term Care coverage options allow for tax advantages.
Peace Of Mind
Knowing that you or those you love are protected and will receive the care they need is something you can’t put a price on.
Frequently Asked Questions
- The cost of traditional long term care insurance is determined by many factors such as age and health at the time when you obtain the policy. The younger and healthier you are the less expensive it can be. Alternatively, the older and worse your health situation is, the more expensive the policy. Pricing can range from a couple of hundred dollars to $1500 or more.
- Alternative options to traditional long term care insurance continue to rise in popularity because of their flexibility and lower cost.
- The qualifications for traditional long term care insurance are increasingly more stringent and fewer people are qualifying than ever before. As costs for the care continue rising, traditional long term care policies are likely to become more difficult for an individual to qualify.
- The national average for a semi-private facility is estimated at $9,000 per month. Over the next 5 years that price is expected to rise to over $10,000.
- Yes. There are now other products in the market that offer the flexibility of long term care coverage but with additional benefits, such as income protection, tax deferments, and even the ability to make a annual gains based on market indexes.
- Approximately 70% of people aged 65 or older will need long term care in their lifetime and the average length of required care is around 2.5 years.