About Long-Term Care Insurance
What Does it Cost?
The cost of long-term care insurance varies depending on the following factors:
- Your age
- The daily benefit amount and benefit period selected
- Inflation protection and other riders
- Your health status
- Your marital status
Designing an appropriate plan for an individual requires an understanding of their concerns, beliefs, family and financial situation. A good place to start is to examine where you would want to receive care, your ability to co-insure part of the risk with social security or interest on your investments, and what you want your assets used for when you are gone.
Designing a long-term care insurance plan to keep you OUT of a nursing home, rather than paying for one, results in an affordable solution to the risk long-term care presents.