The Best Time To Get Long-Term Care Insurance

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  • When to Purchase

When to Purchase Long Term Care Insurance

By |October 13, 2020|Categories: Uncategorized|Tags: , |

Don’t put this off

Long term care insurance is great option for countless individuals. With over 250,000 policies sold annually, over 58% of people will need some type of Long Term Care in their lifetime. There are a few things to consider when applying for long term care insurance the first being your current state of health. A common misconception made by many is that they have plenty of time to obtain long-term care insurance down the road and they should wait until they “actually need it”. This is not advisable and the[…]

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  • Long-Term Care Insurance

Purchasing Long-Term Care Insurance

By |September 9, 2020|Categories: Uncategorized|Tags: , , |

You Will Need Long-Term Care

When it comes to long term care insurance, some may opt to believe that they do not have a need or want for this type of insurance. The idea of never needing long-term care is a desirable one however, given that over 40 percent of  those who turn 65 or older will require a nursing home, this is not always likely. You should also note that most nursing home residents stay for up to five years and in in places like New York City, those costs can easily equate to $100,000 annually.

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