Long Term Care

Facts about Long Term Care Insurance Everyone should know:
Over 40% of all Americans over age 65 today will spend some time in a nursing home. The cost of nursing home care is more than the most expensive private college. Nursing home costs range from $56,000 per year to over $100,000 per year depending on where you live and your level of care.

Who pays?
Its not prudent to count on health care plans or the government. Health care plans and Medicare combined pay only about 3% of the costs of long-term care. State Medicaid programs help only those families who descend into poverty. The rest comes from life savings – or from a long-term care insurance policy.

Who should consider Long-Term Care Insurance?
If you have assets to protect, but aren’t wealthy enough to comfortably pay for long term care out of your savings (most of us) you should be looking into long term care insurance NOW. It is especially important if there is a history of serious illness in your family.

It takes two components to obtain Long term Care Insurance. The premium and health. It is very important to apply while you’re still healthy.

Look into Long Term Care Insurance
By planning ahead you’ll be providing peace of mind for your family’s future. Long term care insurance policies offer a practical and affordable way to protect your assets – and your independence.

Contact us for more information

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