Savvy Planner,
Good news. Your long-term care (LTC) insurance quotes are ready.
Since you completed the abbreviated form, I used single, non-smoker, and a placeholder state for now. Just reply with any updates and I’ll revise the quotes.
👀 First-look quotes
Only one insurer, Thrivent Financial, offers long-term care insurance for those under age 30. The below quote includes 5% annual benefit growth to keep pace with rising LTC costs. Coverage starts immediately and lasts for your lifetime. More than half of us will need care and if that time comes, your benefits will last for a set number of years. Your policy covers home care, assisted living, memory care, nursing care, and more.
🧐 My notes
📈 Graph of benefits
This graph shows your projected benefits and LTC costs in the US when you turn 80, though your benefits can begin whenever care is needed. On average, men need care for 2.2 years and women for 3.7 years, but Alzheimer’s and other memory care can extend beyond 8 years. For more detail, click any line.
Long-term care costs
Assisted-living in the US is projected to cost $689,000/year when you turn 80 (assuming 4% annual growth). But your policy doesn't have to cover everything. Assisted-living already includes housing and meals, and any steady income, like Social Security, can bridge the gap that your policy doesn't cover. The goal for most people is meaningful coverage, not paying every dollar.
If you’d like higher or lower benefits, I can adjust your premium, benefit length, or payment schedule. Just let me know your goals.
👉🏻 Next steps
If you think this might be a fit, let me know and I'll email you specific details on your policy (zero commitment).
📺 Still learning?
Watch this short "unboring" video on the three biggest reasons to get LTC insurance from our popular blog. That's me in the video.
Thanks,
Jesse
Jesse Vickey at Long Term What?
Schedule a call or 720-263-2188
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