Archive for July, 2011
Long-Term Care Insurance – Where is it When You Need It?
I cannot tell you how often I get a call from a distraught husband, wife, life partner, children or nieces or nephews of people they love. The call usually goes something like this.
My wife has been having trouble managing the household chores, shopping, etc. and just staying organized.
My husband just came back from the Doctor’s office and was diagnosed with early stages of Alzheimer’s.
I think my mother is ready for a nursing home, she just can’t stay alone anymore.
My uncle needs some assistance, I think an assisted living facility would be the right choice for him.
The next question is always I would like to learn about and purchase Long-Term Care Insurance for:
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Long-Term Care Insurance – Who Are the Buyers and Why Should You Get It?
The average buyer of individual long-term care insurance in America is approximately 58 years old. This has dramatically decreased from the high 70′s only a decade ago. In the workplace (employer sponsored plans), the average age LTCi buyer is only 41 years old. Many employer sponsored programs, however, do not subsidize the cost of the plans. The advantage to the some employer sponsored plans is that they may offer simplified underwriting or even guaranteed issue. So, you still need to purchase the long-term care insurance policy.
Underwriting is a true concern in obtaining a long-term care insurance policy, let’s face it, if you don’t die, you live. And if you live, you get older, you get sicker and with modern medicine you are kept alive with some ailments. So, you will need long-term care insurance. The main impetus for coverage is the high cost of health care and the realization by many baby boomers that their basic health insurance and programs such as Medicare will not cover long-term care costs
Tags: baby boomers, health discount, heart problems, insurance specialist, long term care insurance, modern medicine, partner discount, preferred health, term care insurance, true concernRelated posts