Why Do I Need LTC Insurance?

 "Last Titanic survivor sells mementoes to pay nursing-home fees"
                                                             Syndicated Press, Oct 19, 2008

Long-term care insurance protects retirement savings and 
            lifestyle.

It preserves personal freedom to choose where and how
            care is received.

It allows loved ones and family members to care about you... 
               instead of having to care for you.

LTC insurance is the best option to avoid dependence on
            the future ability of Medicare (and Medicaid) to pay.

It offers significant tax advantages.

Its a fact we are living longer. Medical care advances and healthy lifestyles have contributed to more people than ever reaching 80... 90... even 100. After turning 65, then chances of you needing long-term care are 10 times as great.

   But accidents and illness, such as Multiple Sclerosis or Parkinson's can also impact you in your 40's or 50's. After an accident, the last thing you should have to worry about is the cost of the medical facility you are being treated at.

   After the danger period is over following an accident, you will transfered to a nursing home or rehab facility. This can be very expensive and your insurance may only pay a portion for this care.

   This is where long term care insurance can benefit you. It can pay what the insurance company does not cover.

   None of us like to think of these scenarios. However, they happen every day. And the sad thing is that many of these folks are not insured with long-term care insurance.

   The average cost of one year in a nursing home is now $77,000. And that is in today's dollars. By the time a 55 year old turns 80 ( when they are most likely to need it) the annual price could be around $260,000!

                .... for more information see page 6 "Shopper's Guide To Long Term Care Insurance"