71.4 %
people age 65 and older will need long-term care.3
0.3 %
houses will have a fire each year.1
3.3 %
houses will have a fire each year.1
0.3 %
houses will have a fire each year.1
3.3 %
houses will have a fire each year.1
1 Ahrens, Marty. National Fire Protection Association. “Home Structure Fires.” Sept. 2015. 2 U.S. Department of Transportation National Highway Traffic Safety Administration. “Quick Facts 2014.” March 2016. 3 U.S. Department of Health and Human Services. 2016, June 24. “Who Needs Care?” https://longtermcare.acl.gov/the-basics/who-needs-care.html.
WHAT IS YOUR PLAN TO PAY FOR LONG-TERM CARE?
It’s a fact that we’re all living longer today and with that increase in life expectancy there is good chance that the need for Long-Term Care could significantly impact your quality of life – and the financial future you worked so hard to build.
Statistics show that at least 70% of people will need some form of Long-Term Care during their lifetime4, and its high cost can quickly eat away at your retirement savings. Contrary to what you might think, Medicare will not cover the cost and it can be expensive – currently around $91,000 per year and increasing with inflation by around 4% annually4 depending on where you live.
However, you can put a financial strategy in place today to protect the assets you have worked your whole life to save.
Planning now with Long-Term Care Insurance can give you the financial confidence that you can afford the care you need when you need it – with the dignity you deserve.
4 Statistics show that at least 70% – US Department of Health and Human Services 2016
Consider Refundable Premium Long-Term Care Insurance as Your Solution
Why not find an insurance policy that provides both long-term care benefits as well as life insurance to suit your individual needs?
Not only do you get the Long-Term Care benefits, you also get a Life Insurance Benefit as well. Would you be interested in knowing that if you decide you no longer want the coverage, you could get up to 100% of your premiums, less any claims paid, refunded? All policy costs and benefits are set at issue and your rate will not change because of age, health or claims.
If you think about it there are 3 things that can happen over your lifetime:
- You can live to your statistical life expectancy
- You can live beyond your statistical life expectancy, or
- You could die prematurely
In the first two examples above, you could need some form of insurance for long-term care.
Should you die and not need care the policy would then pay your designated beneficiary a tax-free death benefit.
But there actually is another option. What if you change your mind 10 or 15 years from now and decide you no longer want the coverage? Maybe you have other funds to pay for your long-term care or you need the money to pay for living expenses. Would you like having a Long-Term Care (LTC) insurance policy which could refund all your premiums if you surrender it?
Why not have an insurance policy that helps covers your long-term care needs and preserves your principal?