Insurance Advice | InsuranceAdvice.com » Long Term Care

Advice on Long-Term Care Insurance Policies

Walter Edelstein — Thu, 01 Dec 2011 16:06:32 +0000

One of the largest medical costs you're likely to incur in your lifetime is long-term care. This means that someone has to live with you or that you require round-the-clock care. This type of care is very expensive. For care outside of the home, a private room in a nursing home can cost over $75,000 a year. Long-term care insurance, while not cheap, can reduce that burden. As with everything else, this type of insurance has its benefits and drawbacks. Have you considered long-term care insurance in your retirement planning? Increasing numbers of insurance companies are beginning to offer this...

Benefits of Long Term Care Insurance

Thu, 27 Aug 2009 16:23:03 +0000

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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