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Surprising Facts About Long Term Care

Many Americans have this misconception that they will never need long-term care. Unfortunately, if they do, they are not fully prepared for the financial problem it may cause to their family, leaving them with no choice but deplete their lifetime savings.

    • More than 50% of Americans are expected to require some form of long-term care at some point in their lives. However, 93% of the total U.S. population is NOT insured for long term Care coverage. This is an alarming percentage.
    •  By 2026, the population of Americans ages 65 and older will double to 71.5 million.
    • Most younger people are NOT fully aware that their traditional health insurance and/or government-funded support programs like Medicare will not provide coverage for long term care.
    • The average cost of staying in a nursing home annually is between $55,000 and $100,000 depending on where state you’re living in. Expensive, eh?

So if you think long term care insurance not a good investment, better think again. LTCi policy is one way to protect your financial resources. Do your homework first and request various long term care quotes from reputable insurers before you choose a policy.

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