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Long-Term Care Insurance
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Long-term care insurance pays for support provided to people suffering from chronic illness, long-term injury, or cognitive impairment that lasts longer than ninety days.
Consider the following:
· Nearly 70% of people turning 65 this year will need long-term care. 20% of those will need it for more than five years. (American Association for Long-Term Care 2007 LTCi Sourcebook: January 2007)
· Over 60% of those needing home care are over age 65. (DHHS, Current Home Health Care Patients, Feb. 2004)
· More than 70% of nursing home residents are women. One in five women age 85 or older needs assistance with daily activities. (American Association for Long-Term Care Insurance: Sales Strategies, November 2007)
· 25% of individuals in nursing homes will remain there for more than three years. (MetLife Market Survey of Nursing Home & Assisted Living Costs, October 2007)
· In the Houston area, 2007 nursing home costs averaged between $45,000 and $61,000. (MetLife Market Survey of Nursing Home & Assisted Living Costs, October 2007)
· 2007 Houston Home-care costs averaged $18 per hour. (MetLife Market Survey of Adult Day Services & Home Care Costs, September 2007)
· 53% of those who applied for long-term care insurance between age 40-49 qualified for good health discounts, as did 44% of those who applied between age 50-59. (American Association for Long-Term Care Insurance: Sales Strategies, June 2006)
Give yourself peace of mind. Let us help you design a policy that offers the benefits you need at a price that will fit your budget. Long-term care insurance lets you maintain your dignity and independence because you control the care you receive.
Wouldn’t you feel better knowing that your family won’t face financial and physical burdens providing for your care? Wouldn’t you want to know that your assets will be spent the way you want?
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