Consider These Helpful Tips When Incorporating Long-Term-Care Insurance Into Your Financial Plan

How would you pay for long term care services such as a visiting nurse, assisted living, therapy or a personal care aid if you needed them? Could you easily pull $200,000 from your retirement nest egg to pay for three- years in a nursing home? According to the Congressional Budget Office, “Financing Long-Term Care for the Elderly,” April 2004, one year in a nursing home or 24-hour home care can cost more than $66,000 today, and that cost continues to rise. Long term care (LTC) insurance is the one financial tool that can help you prepare for these costs in the future. With this protection, you will be able to maintain more independence should you need long term care. You may be able to stay in your home longer, and you’ll have more choices [More]

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