LONG TERM CARE

70% OF PEOPLE OVER 65 WILL NEED LONG TERM CARE

SO LETS PLAN AHEAD

FIRST LETS LOOK AT ANNUAL COSTS

Cost of Care "US Dept. Health and Human Services LongTermCare.gov

$16,080 Adult day care center

$27,360 Homemaker services (4 hours / day)

$30,240 Home health aide ( 4 hours / day)

$39,516 One bedroom assisted living

$73,800 Simi private nursing home room

$82,440 Private nursing home room

Now Lets Look At Solutions

1) If you buy a traditional LTC policy and Never use the benefits, you end up with a empty pocket ! Just paid insurance bills.

Today Dont do that There are better options !!!

2) Buy a Indexed Universal life policy with a LTC Rider, that way the entire face amount is available for LTC Day One, if needed. IF NOT NEEDED, them all of these options are available. All premiums paid are returable in 20 years, or you kep the policy in place and use the cash value as you see fit. The Long Term Care Insurance remains in effect less any loans taken. Upon your death your benificaury will receive the full death benefit Tax Free.

Its LTC for you and Cash Value Benefits for you if you dont need Long T1erm Care.

3) Buy a Fixed Income Annuity If you are older

Purchase a $100,000 or $200,000 Annuity and receive 2 to 3 times that day one to use for Long TErm Care Thats 3$00,000 to $600,000 PLUS if you dont need to use the Long Term Care benefit , it is returned to you or paid to your benificaury

I dont like to pay for something I need, but never use. I so wish Auto & Home Insurance had such a feature.

Better news yet, you can buy this type of LTC coverage up to age 80

A better thought, buy at a early age, pay premiums for only 20 years!! End result Lower Cost , Less time to pay premiums, Build a higher cash value sooner