Shelley,
Good news. Your long-term care (LTC) insurance quotes are ready.
Why choose LTC insurance? More than half of us will eventually need care, and people choose coverage to...
- Avoid relying on family for caregiving
- Stay in control — at home or your preferred facility
- Protect savings from the high costs of care
🔧 How LTC insurance works
It's a little different from your home or auto insurance.
- Pick your price for how much coverage you want.
- Coverage stays in place forever, even after you’re paid up.
- When you need benefits, coverage has monthly and total maximums.
- Benefits grow to keep up with future care costs.
👀 First-look quote
To start, I’ve provided a quote from a popular policy. More insurers offer coverage once you turn 30.
📈 Graph of benefits
This graph shows how your projected benefits and LTC costs in Nevada if you needed care at age 80, but benefits can start at any time. For more detail, click on the red line.
LTC costs in Nevada
Assisted-living in Nevada is projected to cost $634,000/year by age 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.
🧐 My notes
Thrivent is a popular option and one of the few companies that offers long-term care insurance to applicants under 30. I selected 5% benefit growth to let your coverage compound over time. To keep your annual premium low, I chose a lifetime payment option—but you could also pay over 10 years to finish early. Just note that the 10-year option costs more per year.
👉🏻 Next steps
Once you've reviewed your options, just reply to my email if this is of interest and I'll send you policy documents.
📺 Still learning?
Watch our 6-minute "unboring" video on the three biggest reasons to get LTC insurance. 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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