Long Term Care Protection is the Cornerstone of a Complete Retirement Plan

Research Your Long Term Care Options Before Rates Change One of the greatest risks to your retirement is finding an affordable way to fund the potential need for extended care, whether in your home or a facility. Recent studies show that as many as 70% of Americans underestimate the cost of care¹, while 56% overestimate the cost of the insurance that would defray those very costs.² Education is clearly vital. But delay can be dire. The average time elapsed between initial awareness of long-term care insurance and purchase is 7-years³, ample time for a thoughtful decision. In the meantime, life-altering events can occur which leave one with few or no options. Nothing impacts policy pricing more than age and health. Statistically speaking, between the ages of 50 and 60 your chances of receiving a “Good Health” discount decrease by 1/3rd⁴. Compounding that risk is your annual age-change—an inevitable fact which determines your base rate for the life of your policy. Combined with the risk of other discounts disappearing without prior notice, we call this “the cost of waiting”. It means there’s never been a better time for both men and women to research your LTC options than now. Regardless of your present age and health, waiting to start your planning will always cost more in the long run—assuming you can still qualify when you’re ready. Our credit union sponsored program offers no-risk consultations. Click on the link below to download a free “10-Point Checklist” and then schedule your risk-free consultation by phone. You’ll be glad you did. Click here for more info.