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Long-Term Care Insurance

Request A Personal Analysis And Quote
​

Prevent Your Assets From Being Drained By
​ Long-Term Care Expenses


Need help?
Call John Caris at 707-935-6294 x103 
or Email 
For Personalized Advice
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John M. Caris 0B50729

Why Long-Term Care Insurance
Using retirement assets to pay for unexpected care needs can impact
your overall financial strategy. Every dollar spent on care is one less
dollar used to generate or supplement your income.
Health Span vs Life Span
​While "healthspan" isn't a number as easily calculated aslifespan, the World Health Organization
compiled data
thatshows the number of "healthy life years" expected for bothmen and women in the European region in 2018. It showed a
healthspan of 63.7 for men and 64.2 for women
, while theaverage
life expectancy
in Europe
is about 80 years old
.Healthspan for Americans may be similar since the U.S. lifeexpectancy rate is about 78.5 years. That's at least 20% of yourlife!

By 2030, all baby boomers will be age 65 or older (U.S.Census)
Someone turning age 65 today has almost a 70% chanceof needing some type of long-term care services andsupport (LongTermCare.gov)
Someone who buys a policy at age 60 has a 50% chanceof using it (AALTCI)

Like many industries, the long-term care insurance industryruns on supply and demand. Rates are already increasing asmore and more of our population ages. As healthspans expire,the need for long-term care rises. Securing a policy nowinsures against the risk of being left without.

Someone who buys apolicy at age 60 has a50% chance of using it

Defining Long-Term Care and Insurance

Long-term care
is “
a range of services and supports
you mayneed to meet your personal care needs. Most long-term careis not medical care, but rather assistance with the basicpersonal tasks of everyday life,” also known as Activities ofDaily Living (ADLs).
ADLs include bathing, dressing, eating, toileting, continence,and transferring. Bathing and dressing are typically the firsttwo to go.
The most common
types of care
are
nursing, residential,community, and home.
Nursing care
(Skilled Nursing Facility) is a facility with around-the-clock trained professionals to care for residents withsevere illnesses or injuries.
An assisted living facility (or
residential care
) is for those whoneed help with some things but do not need 24-hour care.

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