Choosing Long-Term Care Insurance

A little over sixty percent of the folks who reach 65 years of age will need some long-term care. The average nursing home stay ranges from 2-5 years and costs on average of $135.00 per day currently in the United States. These averages and costs are going up little by little each year? Can you afford to be without long term-care insurance? You know there are over 35 million Americans over 65 in the US and that number is rising also, this is due to people living longer and the general trend in demographics as less people are being born. It is the same general argument over social security, which will be fine depending on which year you were born, but for the rest of us? Well, it isn't very pretty. Some in the media have begun to call Social Security a ponzi scheme, which actually if my math is right; is not so far from truth.

Most long-term care insurance policies include things such as:

Nursing Home Care

In-Home Assistance with Daily Activities

Adult Daycare and Other Community Based Programs

Assisted Living Services; including meals, health monitoring and transportation

Daily Nursing Supervision for those with Chronic Illnesses.

The real issue is the complete disparity of premium costs. It is best of course to buy such coverage long before turning sixty five if you want any sense of a good deal on the coverage. The best time to buy coverage is between the ages of 51-60 where the average premium for a good plan will run you under $1000.00 per month. But you need to do your homework and shop around. Additionally it might be smart to ask for an "Inflation Rider" which will protect you from inflation as the costs will be going up in the future, everyone is quite certain of that as the current trends seem to be pointing in that direction.

If you are not careful and do not have such insurance it is possible to wipe out your entire nest egg before you pass and that means no inheritance to the offspring and the last years of your life in a poverty type setting. Please do think on this.

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs

---

Accident Insurance Claim Personal Injury Insights

There's nothing that has a greater impact on evaluating a... Read More

Bankers Long Term Care Insurance

How many times have you seen people whose life was... Read More

Life Settlements, More than a Cash Surrender Payout

With a life insurance settlement, seniors now have the ability... Read More

What is Life Insurance?

Life Insurance is an insurance policy that provides an agreed... Read More

Travel Insurance Might Be Just What You Need!

Travel insurance is something that many people haven't considered. Sure,... Read More

Buy Life Insurance Online and Save

There are many ways to research and buy a life... Read More

How Much Renters Insurance Do I Need?

When obtaining renter's insurance it is important to put serious... Read More

We Dont Need Another Broker: How To Get The Best Liability Insurance Rates Available

Some business relationships are forged through blood and friendship. When... Read More

The Life Insurance Quote Business is Booming, but is the Insurance Quote Accurate?

The life insurance quote business online is booming. Not only... Read More

Insurance Providers Weather the Storm While Consumers Flounder

We have just had the first year's anniversary of the... Read More

Health Insurance And Insurance Brokers

If you are in the market to purchase your own... Read More

Travel Health Insurance - Understand the Benefits

If you're planning an overseas trip, you need travel health... Read More

Types of Auto Insurance Coverage Explained

A question you might ask yourself is: why must we... Read More

The Life Insurance Policy and What You Need to Know Before You Buy

Are you looking to buy a life insurance policy? Well,... Read More

Student Possessions Insurance - Insuring the Contents of Your Room

In the UK each September, 350,000 new students embark off... Read More

Disability Insurance For The Long Term

Disability insurance covers you for an extended period of time.... Read More

7 Sure-fire Ways of Reducing Your Home Insurance Premium

Home security improvement:All insurance companies will happily offer you a... Read More

Everyone Wants The Cheapest Automobile Insurance Quote

When you are looking for an automobile insurance quote, the... Read More

Indemnity Insurance For Landlords

As a property owner it is essential to protect yourself... Read More

Individual or Family Health Insurance Options

As more and more individuals working at home with or... Read More

Types of Life Insurance

There are different types of life insurance policies available. Shop... Read More

Discount Car Insurance Brokers - Get Amazing Comparisons

To get the cheapest possible quote for your car insurance,... Read More

Is Purchasing Travel Insurance Smart?

To answer the question "is purchasing travel insurance smart?" let's... Read More

Are You Sure That Heirloom Oriental Rug From Your Aunt Hilda Is Really Insured?

Gone are the days of the cinder block and wood... Read More

Do You Know What The 7 Home Insurance Plans Are?

Most people don't realize that there are 7 different homeowners... Read More

Keys To Controlling The Future of Health Care

Several key changes are necessary to get control of the... Read More

Discount Life Insurance Will Give You The Best Protection You Need

There is always a chance that there is a better... Read More

Cheap Car Insurance ? 7 Tips To Reduce Your Car Insurance Costs

With the cost of car insurance becoming more and more... Read More

Cheap Car Insurance

Finding good car insurance can be very difficult. Here are... Read More

The Ups and Downs of Temporary Health Insurance

If you're a recent college graduate, or in between jobs,... Read More

What Is Meant By Automobile Insurance Standard Coverage?

Automobile insurance standard coverage is the basic amount of insurance... Read More

Life Insurance Information

Life insurance is a personal insurance plan designed to pay... Read More

Apply Online for Temporary Health Insurance

There are times when you'll find yourself temporarily without health... Read More