Are in your 50s or 60s ?
Some things to think about if you are…
- Long Term Care is not covered by Medicare past 100 days.
- 70% of people over 65 years old will require some form of Long Term Care
- Assisted Living facilities cost between 4k and 9k per month.
- Long Term Care Insurance will cover Home Care as well as Assisted Living and Nursing Homes.
- It can be Affordable! New products have been devised in the last few years.
- You can devise plans that only cover Long Term Care or you can combine them with Life Insurance to pass on a death benefit.
- Benefits are Tax Free.
- Premiums may be Tax Free but your Accountant would need to advise on this.
- Long Term Care Insurance helps preserve your Savings and other Assets so you can stay in your home if you wish.