Photography above by Philip Silverberg
Long Term Care Insurance (LTCi)
Unfortunately, long term care doesn't come cheap: According to Genworth Financial, a private room in a nursing home averaged $92,378 in 2016, and a home health aide averaged $46,332. In 2016, the annual median cost of care in New Jersey for a semi-private room in a Nursing home could be $118,625. And private rooms could cost as much as $133,835.*
Recently many Long Term Care Insurers have made innovative improvements so they can offer this protection in a more affordable way. Because I represent all the major carriers that offer these products, we can find the best one that meets your needs and budget.
* Genworth 2016 Cost of Care Survey, conducted by CareScout®, April 2016. Based on median annual costs, which vary among states. CareScout is a Genworth company.
According to the U.S. Department of Health & Human Services, 70% of people turning age 65 are expected to need some form of Long-Term Care during their lives. Long-Term Care insurance (LTCi) can help preserve your retirement nest egg, by protecting your assets against a very costly LTCi claim.
- Traditional LTCi Policies
- Hybrid Life/LTCi Policies