Proper Planning

Without proper planning, a sudden need for long-term care expenditures could result in the loss of retirement savings, personal assets or an entire estate.  Purchasing long-term care insurance is a positive step towards protecting your hard-earned assets, as well as protecting your family and friends from hardship should you need special care.

Here are some facts to consider:

•    By 2030, approximately 10.8 million persons age 65 and older will need long-term care.
•    Today, a one-year nursing home stay averages $75,000.  By 2030, that dollar amount will increase to nearly $207,000.
•    Of Americans between the ages of 65-74, one-quarter suffer some limitation of activities.
•    62% of Americans over the age of 85 have limitations already.
•    Women are almost twice as likely to need nursing home care after age 65 than men.

How effective is long-term care coverage?

Consider this scenario:

If a 45-year-old woman purchased a long-term care policy today, she would probably pay about $950 per year.  By the time she turned 85, her total premium payments would be about $38,000.  By that time, a one-year stay in a nursing home would cost about $420,000.  By purchasing her long-term care policy early on, not only would she save over $350,000 in costs, which would possibly be financed by the selling of her existing assets, but her family would not feel any financial burden or hardship, either

Proper planning is crucial in securing your future.  Call (888)-322-7678 today and speak with an ARS agent about long-term care insurance, life insurance, life settlements, annuities and estate planning.

You can also fill out our Initial Policy Information form online right now!

Statistics provided by AARP and ACLI.
AARP Public Policy Institute, “Long-Term Care Fact Sheet,” May, 2000.
American Council of Life Insurers. “Long-Term Care Insurance: Protection for Your Future.” 2007.