Why Purchase Long Term Care Insurance?
It's Not If You'll Need It, It's When
Long Term Care isn't reserved solely for the aging population. A major accident or illness can leave you unable to perform the Activities of Daily Living and this is when having a Long Term Care policy can really help- not only with quality care, but with shielding your savings and protecting your legacy.
Who Will Need Long Term Care?
People 65 years or older - 70% will need a form of Long Term Care.
40% of Long Term Care patients are under 65 years old.
Average Yearly Long Term Care Out-of-Pocket Costs
At Home Care
TODAY
$84,000+
IN 30 YEARS
$205,400+
Adult Day Care
TODAY
$22,000+
IN 30 YEARS
$56,300+
Assisted Living
TODAY
$75,000+
IN 30 YEARS
$182,000+
Nursing Home
TODAY
$136,800+ - $158,700+
IN 30 YEARS
$332,000+ - $385,300+
Top Three Reasons for Long Term Care:
1
1
Savings & Estate Protection
Retirement communities and nursing homes, this can cost you $136,800+ a year! An expense like this can quickly deplete your savings and any inheritance you wish to pass on.
2
Choices for Care
If you invest in a Long Term Care policy, you'll have access to more choices that best fits your Long Term Care needs.. Medicare doesn't cover the cost of Long Term Care and choices are very limited with Medicaid.
3
Peace of Mind
When an accident or long term illness strikes, your family is often the first in line to manage your long term care needs. This means they're often missing or late for work and in extreme conditions they may have to quit or take on a new position/career to manage your care.​​
Having a long term care policy enables you to maintain your legacy and dignity.
Testimonials
When Does Long Term Care Take Effect?
Long Term Care Insurance usually takes effect when you're unable to perform two out of six Activities of Daily Living:
Toileting
Able to get on/off toilet
Getting Dressed
Able to dress and undress
Eating
Able to Feed Yourself
Mobility
Able to walk, sit, and stand
Bathing
Able to bath and perform basic hygiene
Continence
Able to control bladder/bowel functions
When Should I Purchase
Long Term Care Insurance?
The best time to purchase a Long Term Care insurance policy is now. Premium payments can vary on factors such as gender, marital status, and the amount of coverage you want, however, the largest factor is your current age and health status. If you wait until you're older or have health issues, you may incur costly premiums or even be denied Long Term Care coverage.
Don't Burden Loved Ones
One of the greatest gifts you can give your loved ones is peace of mind when it comes to your care. Whether it's an accident, illness, or simply getting older, letting your loved ones spend quality time with you rather than them worrying about your health and taking care of you benefits both parties.
Don't Let Costs Discourage You
We'll work with you to find the best coverage the fits your Long Term Care and financial needs. Many Long Term Care polices qualify for tax deductions that increase as you age in.
