Long Term Care Insurance Costs, Companies and Quotes
Long Term Care Insurance
Annuity Care from The State Life Insurance Company is an innovative solution to paying for Long Term Care costs, especially for those that may have been planning to self-fund their long term care expenses. [Read more…]
The aging of America is costly on the emotions of the elderly and their families. In addition to this emotional cost, long term care costs strongly affect the wallets of American families. According to national long term care statistics, almost 10 million Americans need long term care services. Thirty seven percent of those are under the age of 65 and that number is expected grow to 12 million by the year 2020. [Read more…]
Planning ahead for possible long term care needs is a critical part of retirement planning. Critical because long term care costs can be tremendously expensive and thus devastating to an estate. [Read more…]
Financial advisers know that long term care costs can be one of the biggest threats to a retirement plan. If you don’t deal with the long term care risk, it can decimate your retirement plan. So when an investment adviser draws up an investment plan, they typically ask their clients what they plan to do if they need long term care. [Read more…]
Last updated: November 14, 2017 at 16:48 pm
The results of John Hancock’s 2016 Long Term Care Cost Survey indicate the cost of long-term care services continue to rise. Over 16,000 care providers across the nation were surveyed in 2016. Following are the national average costs of long-term care for one year of care. [Read more…]
Last updated: June 29, 2020 at 10:36 am
A recent study reports that, in 2017, 18.4 billion hours of care, valued at $232 billion, were provided by family and unpaid caregivers. And 83% of this help provided to older adults is from family members, friends and other unpaid caregivers, not Medicare. [Read more…]