Most of all long term care is provided in the home primarily by a spouse, or other
family member. Today, many family caregivers are in the workplace or live far away
and are finding it increasingly difficult to properly care for their loved ones
While Long Term Care Insurance is perceived to be expensive, wait until you have
to face the cost of LTC needs head on. For an example, $3000 a year in premiums over
20 years, you’ve paid $60,000.
Twenty years from now, it’ll only take you about six months to make that back. To
put it in perspective, would you rather pay $3000 a year now, or $5000 to $7000 a
month later on in life?
While there are numerous critical components to a LTCI policy, coverage for Alzheimer’s
Disease, inflation protection options, and a guarantee the policy cannot be canceled,
should be among them.
Private nursing home and home-care costs are regularly increasing with the average
cost for one year in a private nursing home possibly hitting $100,000 a year soon
in some states.
Call us today to discuss your Long Term Care Insurance needs. Our knowledgeable
staff will approach this
slowly and easily, and your going to get an education in the process.