Do you have a plan to pay for long-term care services, if needed…a plan that protects the assets you have accumulated over a life time from the ravages of long-term care costs?

Few people realize that a 30-year-old couple will earn 3.5 million dollars by age 65 if their total family income averages $100,000 for their entire careers, without any raises.

You’ve worked hard and translated your earning power into financial
security for yourself and your loved ones.

Without proper planning, however, a serious accident or illness could rob
you of your financial independence.

Did You Know...

At age 65, people face at least a 40% risk of entering a nursing home at some point in their lifetime and about 10% will have a stay of five years or longer. (Source: AHIP, A Guide to Long-Term Care Insurance, 2004)

Because women generally outlive men by several years, they face a 50% greater likelihood than men of entering a nursing home after age
65. (Source: AHIP, A Guide to Long-Term Care Insurance, 2004)

The average daily rate in 2008 for a private room in a nursing home was $212, about the same as in 2007. (Source: 2008 MetLife Market Survey of Nursing Home & Assisted Living Costs)

The average length of a nursing home stay is about 2.4 years. (Source: CDC/NCHS Health Care in America, Trends in Utilization; U.S.
Department of Health and Human Services; January 2004)

At an average daily rate of $212, an average nursing home stay of 2.4 years currently costs about $186,000, making it virtually unaffordable
for many Americans.

Medicare does not pay for long-term care services, as explained in the Social Security Statement mailed to workers each year:

“About Social Security and Medicare...Social Security pays retirement, disability, family and survivors benefits. Medicare, a separate program run by the Centers for Medicare & Medicaid Services, helps pay for inpatient hospital care, nursing care, doctors’ fees, drugs, and other medical services and supplies to people age 65 and older, as well as to people who have been receiving Social Security disability benefits for two years or more. Medicare does not pay for long- term care, so you may want to consider options for private insurance (emphasis added).”