Long-Term Care (LTC) Insurance - It's
Vital
Protect Yourself - and Your Employees - Now
How would you (or your employees) cope financially if you lost
the ability to care for yourself now or in the future? Who would
cover the costs of a nursing home, assisted living, home health
care or other related expenses?
LTC statistics:
- 10 million Americans currently need LTC
- 70 percent of retirees will eventually need some type of
LTC
- 41 percent of people receiving LTC are working adults 18 -
65
- Nursing home care can cost as much as $75,000 a year
- A $250,000 savings used for LTC wouldn't last four years
It happens … Greg was thrilled to receive the job offer of a
lifetime, which would require him to travel worldwide. He was
single and had no children, with a widowed mother living nearby in
a nursing home. Sadly, Greg was shocked to learn only hours later
that his mother's savings had been depleted, and she could no
longer afford nursing care. Greg's personal savings were minimal.
Devastated, he turned down the job offer - and began making
arrangements to move his mother home.
LTC insurance explained:
- Includes skilled medical care, supervision or assistance with
everyday activities
- Reimburses for care received at home, in the community or in a
facility
- Provided by nurses, therapists, aides, hospice personnel - and
others
- Not just for the elderly - and not covered (or only minimally
in certain cases) by medical insurance, Medicare, Medicaid or
Medigap
Why LTC insurance now?
- You don't want friends or family members to unexpectedly have
to become your caregiver
- Protection against the risk of easily losing your entire life
savings
- Your health can change over time and force you from qualifying
down the road
- Premiums increase with age
Let's talk
One call or email to your Digital benefits consultant will help
answer your LTC questions.
