Susan,
Good news. Your long-term care (LTC) insurance quotes are ready.
👀 First-look quotes
Below is a quote with 3% annual benefit growth to keep pace with rising LTC costs. Coverage can start at any point in 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. All policies cover home care, assisted living, memory care, nursing care, and more.
🧐 My notes
Think of these quotes as a starting point we can adjust and refine together.
📈 Graph of benefits
This graph shows your projected benefits 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 Pennsylvania is projected to cost $108,000/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, we can adjust your premium, benefit length, or payment schedule. Just let me know your goals.
👉🏻 Next steps
Let's talk to find a good fit for you. If this policy isn't a good fit, I can explore a few more options.
📺 Still learning?
Watch this short "unboring" video on the 8 key features of 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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