Long Term Care

Fryer Financial Group 1-800-899-3534
TRIED, TRUSTED, AND TRUE

Long Term Care

You’ve worked hard and planned carefully for your future, but have you protected against the risks and costs of long term care? Did you know that:

§ 60% of people who may need LTC are age 65 or older¹

§ 40% of people who are receiving LTC are adults between ages 18 and 64¹

§ Nursing home care in 2003, cost an average of $181 per day for a private room or about $66,000 annually²

With the recent market volatility, have the investments you’ve set aside for the future lost value? What is your new retirement strategy? Will it protect your retirement savings and hard-earned assets from a long-term care event? If you are reevaluating your financial plan in the wake of the current economic situation, I encourage you to consider the benefits of long-term care insurance.

There are a number of ways that long-term care insurance can play an important role in helping to secure your financial plan and help:

Protect your income and savings from the high cost of long-term care, which today can be more than $75,000[1] a year and is projected to cost approximately $250,000 a year in 30 years.²

Provide independence and the choice of where to receive care. Our policies feature benefits that help you stay at home when you need care and also cover you in a facility or in the community.

Reduce the burden of care that often falls on family members by providing coverage that helps pay for the long-term care services you need.

By thinking about your long-term care needs — and putting a plan in place today — you can feel confident that you’ve taken the necessary steps to help protect your savings, your family, and your future. And it’s more affordable than you might think. To learn more about long-term care insurance, please contact us at 949-248-3112 or fill out the contact form.

You also can receive a complimentary copy of a “Shopper’s Guide to Long Term Care Insurance,” published by the National Association of Insurance Commissioners. It’s easy to read and contains information on what you need to know, from assessing your needs to purchasing the right policy. Just go to the contact page and request the guide in comments.

[1] John Hancock 2008 Cost of Care Survey, conducted by CareScout.

² Based on the 30-year average 4.2% rate of inflation as measured by the Consumer Price Index.

Main Navigation