"The Easiest Way To Burn Through Your Life Savings Is To Receive 24 Hour
Care In Your Home Or Spend Time In A Nursing Home."
Long Term Care
Insurance is designed to
your savings from these potential costs.
Hopefully you will never need it. Your car insurance covers you in an accident and homeowner's insurance in the
event of a fire.
But the chances are 10 times as great after age 65
that you'll need some form of care than that your house will burn down!
Why You Need Long-Term Care Insurance
Long term care services can easily cost $60,000 or more
Most health insurance policies do not cover long-term care.
Disability insurance only replaces part of lost income.
It does not cover long term care
Medicare only pays for LTC under limited circumstances
and only for a short period of time.
Medicaid rules only allow you to have $2,000 in personal