LONG-TERM CARE

Do I need it? After all, it won't happen to you, right?


Long-Term Care Insurance provides a range of services and support that may be needed over a lengthy amount of time.


Did you know...?

*  At least 70% of individuals over age 65 will require extended care services at some point.

*  The average annual cost of care in a Nursing home in the U.S. for a private room is $92,000

*  For a semi-private room, it is $83,000

*  For an apartment in an assisted living facility; $43,500

*  For Adult Day Care $43,500


What will you be protecting with Long-Term Care Insurance?


* Your Assets

* Income for spouse

* Ability to leave a legacy

State Partnership Programs

These are individual state-administered partnerships that created an innovative program offering individuals who quality for Long-Term-Care insurance, a way to receive needed care without depleting all of their assets, by providing Medicaid asset protection.  Individuals who have accumulated resources by saving or investing may be the best candidates for a Partnership policy.

If you want to purchase a Partnership policy, you should contact your agent, or your state's Insurance Commissioner's office for a list of approved insurance companies.


So, do you need Long-Term Care Insurance?