Facing the Need for Care
Today, the number of people needing help with activities of daily living is on the rise. In fact, fifty percent of all Americans will need this type of assistance, know as Long Term Care (LTC), at some point in their lives. The impact on our families, financial independence and retirement dreams cannot be underestimated. That is why the Long Term Care insurance decision is so important.
What is Long Term Care Insurance?
Long Term Care insurance is a cost-effective way to help preserve your financial security and independence by protecting you against the high costs of a long-term illness or accident.
(click here for a cost and coverage analysis)
What does it cost?
The cost of long-term care is high- well beyond the reach of most people. For example, nursing home care now averages $52,000 a year, and in some regions can cost twice that amount. Home care costs $15,000 a year. Add in the cost of skilled help, and these costs can be much greater.
