LONG TERM CARE
Long Term Care insurance could possibly be one of the most misunderstood insurance policies sold in the market today. We know that if you are looking into the purchase of long term care insurance you are doing so with the goal of limiting the burden place on your loved ones should the need for long term care present itself. Let our experience in complete financial planning be your guidance on how and when to purchase one of these policies.
Long Term Care Facts
52% of people turning 65 will need some type of long term care service in their lifetime
42% of people over the age of 85 who currently need some type of long term care service
47% of men over the age of 65 will need long term care service
58% of women over the age of 65 will need long term care service
The average number of years women will need long term care, 2.5 years. The average length of time men will need long term care, 1.5 years.
The role of long term care insurance is a simple one, to preserve your assets and reduce the strain your loved ones will experience.