Insurance Advice | InsuranceAdvice.com » Long Term Care http://insuranceadvice.com Your Source for Insurance Advice Tue, 13 Jul 2010 13:43:21 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Buy Long Term Care Insurance When You Are Young http://insuranceadvice.com/buy-long-term-care-insurance-when-you-are-young.html http://insuranceadvice.com/buy-long-term-care-insurance-when-you-are-young.html#comments Tue, 13 Apr 2010 14:33:08 +0000 admin http://insuranceadvice.com/?p=259 The average American life expectancy is now about 75 years for men, 84 for women. Over half of Americans will spend part of these years in extended long term care situations. By 2030, one in five Americans will be a senior citizen. If you are a Baby Boomer, this includes you. Americans are living longer and healthier, thanks to better diet, better medical care and safer living & working environments. Yet no one is immune to the effects of aging and longevity - effects that often result in reduced physical or mental ability. Long term care insurance can be confusing but...

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]]> http://insuranceadvice.com/buy-long-term-care-insurance-when-you-are-young.html/feed 0 Benefits of Long Term Care Insurance http://insuranceadvice.com/benefits-of-long-term-care-insurance.html http://insuranceadvice.com/benefits-of-long-term-care-insurance.html#comments Thu, 27 Aug 2009 16:23:03 +0000 admin http://insuranceadvice.com/?p=186

Long-term care isn't something we tend to think about before the need arises. Some assume that they won't need it for one reason or another. Others just don't want to consider the possibility that they might. But according to research by Conning and Company, 60% of those who reach age 65 will eventually need long-term care. A growing number of people are purchasing long-term care insurance to cover their needs as they age. Still, these people are in the minority. If you're on the fence, here's a list of ten important benefits of long-term care insurance for your consideration. 1. Long-term care...

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]]> http://insuranceadvice.com/benefits-of-long-term-care-insurance.html/feed 4 Long-term Care Insurance Considerations http://insuranceadvice.com/long-term-care-insurance-considerations.html http://insuranceadvice.com/long-term-care-insurance-considerations.html#comments Mon, 09 Mar 2009 15:37:46 +0000 admin http://insuranceadvice.com/?p=146

Baby Boomers are reaching retirement age in record numbers but many are not aware that the government provides little, if any support to their long-term care needs. Many boomers have experienced seeing their parents or other relatives live out their final years in a nursing home or home care situation.

According to the AARP the average annual costs for long-term care in the U.S. are:
• $66,792 for a semi-private room in a nursing home
• $75,192 for a private room in a nursing home
• $35,516 for care in an assisted living unit
These expenses can quickly deplete even...

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