Long Term Care Insurance Cost, Quotes, Companies, AARP
Long Term Care Insurance
Perhaps your current situation indicates your life insurance policy might be more beneficial to you if it was a long term care insurance policy. If so, you could have some options to consider as you may be able to perform a tax-free 1035 exchange of your life insurance policy for a long term care insurance policy. And, you’ll never have to pay taxes on the gains because long term care benefits are not taxable. [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…]
According to a new study released by the Alzheimer’s Association, over 5 million Americans are currently affected by the disease. Over the next 35 years that number is expected to increase to 13 million. This year alone, Alzheimer’s is expected to take the lives of more than 500,000 people in the U.S. [Read more…]
According to a recent study investors are more concerned about long term care planning than accumulation of assets. Wealth advisers have traditionally focused on building wealth for their clients, however the study indicates perhaps more attention needs to be given to their clients concerns about long term care planning. [Read more…]
Baby Boomers are becoming increasingly aware that Medicare does not pay for most long term care. Meanwhile the annual cost of a private room in a nursing facility is averaging $81,000, and climbing. [Read more…]
