Four Facts: Long Term Care Insurance
Did you know
There exists about a 50-50% chance you will require some long- term care (LTC) by the time you approach age 65 and up. Without insurance, the average out of pocket expense associated with long- term care comes to about $140,000. It is also likely you have not yet planned for this financial occurrence, as only about 7 million of the American population currently possesses long- term care insurance. Long- term care insurance will help cover the cost of in home care, assisted living, and nursing home expenses. If you have[…]