A new research study shows we focus on death than living. Longevity continues to be a major retirement concern. The costs and impact of long-term care needs to be a key component of your planning.
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More people own Long-Term Care Insurance. Last year over $10.3 Billion in benefits was paid to American families providing quality care, reducing family stress, and protecting savings. A new claims study shows 64% of those on claim were women.
The number of American families benefiting from Long-Term Care Insurance continues to rise. A new claims study indicates the major companies paid over $28.22 million a day in long-term care benefits in 2018 alone … over $10.3 billion annually.
Long-Term Care Insurance remains a very affordable way to address the financial costs and burdens that come with aging. A national study of insurance companies shows premiums for new coverage in 2019 varies slightly from plans available in 2018.
American families are directly impacted by longevity. Aging means more of us require long-term care services. Family caregivers feel stress when no advance plan is in place often impacting their health and well-being.
Studies show the obvious. Long-Term Care creates stress and burden on family caregivers, no matter the reason care is required. An advance plan can ease the burden and provide asset protection.