Illness and Care Planning
Fit as a fiddle?
Youre probably thinking that youre lean and mean
or buff and tough.
Why do you need long-term care insurance?
Its not about the present; its for the future. More
than 70% of the population 65 years and older will need long-term
care insurance during their lifetime. For couples, theres
a 75% chance that one of the partners will need it (Source: Department of Health and Human Services). Serious illness
or accidents can strike suddenly requiring many years of long-term
Long-Term Care Insurance
Long-Term Care Insurance is a way to receive the twenty-four
hour seven-day-a-week assistance that you need when a serious
illness or disability leaves you unable - mentally or physically
- to care for yourself for a period of time. Long-term care can
be provided at a nursing facility, assisted living, or alternate
care facility, or even at home. The cost of this care can average
$40,000 to $80,000 per year.
Many people are prepared for just about everything except the
coverage they are most likely to need.
Statistics bare out that if you are under the age of 65, you
have a greater likelihood of being disabled than you do of dying.
Few people, during their working years, can afford to stop working
and live off their net worth. Yet, many people find themselves
physically unable to work because of sickness or accident.
Talk to one of our insurance advisors to find out about the many
forms of disability insurance available and which plans meet your