LTC in the News
The word is spreading. Major news outlets are letting the American people know the importance of long-term care (LTC) planning. Are you? Here are a couple of recent third party articles.
- ThinkAdvisor.com – You Could Be a Federal Long-Term Care Policy Advisor
- BrokerWorldMag.com – Having the Conversation About Long-Term Care
- SeniorsMatter.com – How to Communicate with Someone in a Dementia Care Community
Important Numbers to Know
It’s important to know some basic numbers when advising your clients about long-term care costs and benefits. View our most recent update.
Your 2017 Guide to Long-Term Care and Long-Term Care Insurance
Living longer is generally good news, but it means we’re increasingly at risk of requiring long-term care during our lifetimes. Unfortunately, that’s a big problem because long-term care costs thousands of dollars per month, and it isn’t covered by Medicare or health insurance. Learn more and view tips on how you can help your clients prepare for it.
69% of Americans Will Need Long-Term Care Someday. Here’s How to Pay for It [Video]
As you grow old, it becomes more and more likely that you will need some help with everyday tasks like dressing, bathing, eating, and other activities of daily living. You may also need daily medical care for an extended period of time. According to a 2005 study, 69% of individuals aged 65 and up will need long-term care at some point in their lives. Unfortunately, paying for long-term care may not be easy: A recent study by Fidelity found that the average couple will have long-term care expenses in retirement totaling around $130,000. View Video
Long-Term Disability Insurance vs. Long-Term Care Insurance
Insurance is all about planning for the “what if’s,” by protecting yourself and your loved ones, against worst-case scenarios. As you age, these coverage decisions become more complex — and costly — in order to plan for the possibility that you’ll be unable to work or to take care of yourself (or both) for an extended period of time. Read more
Long-Term Care in America: Views on Who Should Bear the Responsibilities and Costs of Care
Results from the 2017 Long-Term Care trends poll find that two-thirds of Americans age 40 and older feel the country is not prepared for the rapid growth of the older adult population. The Associated Press-NORC Center for Public Affairs Research survey also finds that at the local level, less than half of older Americans say their community is doing a good job of meeting older adults’ needs for nursing homes, assisted living facilities, and home health care aides to provide long-term care. Read more