Posted by Seth 1 year ago In:

,

Seth
Seth Asked:

What are the odds of needing long term care insurance?

What are the odds of needing long term care insurance?

Liked this question? Tell your friends about it

6 Answers

Order by
Oldest to Newest
Newest to Oldest
Votes
Elden
Elden Answered:

Increasing all the time.

Add a comment Report
lenrobbins
lenrobbins Answered:

At age 65, you have about a 40% chance of being confined to a nursing home for some period of time.  However, only a small portion of these people will live there for 5 years or more.  Make sure you become informed about the different types of policies and payment schedules.  This type of coverage can take some education on your part.  Best bet is to read some consumer brochures on the subject before consulting an agent.

LifeNet Insurance Solutions
Add a comment Report
jessica martinez
jessica martinez Answered:

the health care costs are increasing almost every year. The rates of nursing homes in particular rose from $80000/year in 2010, how much more this year and the next? worst is the unavailability of modest financial assistance from the government. you may find the costs by state here http://www.completelongtermcare.com/states/

Add a comment Report
Beatrix Lewis
Beatrix Lewis Answered:

Your chance of needing long term care insurance is very high. With the way people live their lives, sooner or later they'll develop a major health condition. Ones need for long term care continuous to increase and the only thing left for people to do is shop for long term care quote early in preparation for their future. 

Add a comment Report
roberta mejia
roberta mejia Answered:

The number of elderly people living in long term care facilities is constantly increasing.  So as a part of sound retirement planning, you must include purchasing an LTC policy as part of your plan

Add a comment Report
Hans Macoy
Hans Macoy Answered:

The odds of needing long term care get bigger as the person grows older. This is the reason why  long term care planning is important before you reach your retirement age. Waiting any longer can be very financially devastating.

Add a comment Report

Related Questions

Other people asked questions on similar topics, check out the answers they received:

Harriet

Asked: Why isn't hospitalization counted in elimination ...

why isn't hospitalization counted in elimination period for long-term care insurance
  • Posted 5 days ago
Anonymous

Asked: Purpose of Long Term Care?

What do you think is the purpose of long term care planning ? Is the cost worth it?
  • Posted 1 year ago
Anonymous

Asked: Tax perks of long term care insurance?

Is there such a thing as tax qualified LTCi? What are the tax perks of long term care insurance?
  • Posted 1 year ago

More Questions

Listing of Long Term Care Facilities?

Try the long term care directory for retirement homes across North America which you can find at RetirementHomes .com. The site also provides comprehensive and user friendly long term care planning guide to seniors.

What is the typical monthly payment for Long Term Insurance

lenrobbins is right.. the monthly premiums really depend on how much you have decided to receive for yourlong term care needs,including the riders (inflation protection + other added benefits) You may check this out http://www.completelongtermcare.com/resources/policy-types.aspx

Need to contact REI about changing from Met Life ...

First, contact REI, second, explain to them your problem.

What is long term care

Long term care is assistance given to people who needs physical and emotional help over an extended period of time. They can receive assistance in carrying out their daily living activities such as in dressing, bathing, eating and toileting. This type of care can be very expensive depending on what ...

Health

More