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Ten Reasons Why You Need To Get a Long Term Care Insurance

TOPReasons to Get Long Term Care Insurance ACSIA surveyed long term care experts and agents about the reasons why people should get long term care insurance. Here are the top ten most popular answers. To Protect Assets $50,501 Median Monthly Rates of Long Term Care in 2013 Median annual income of US families as of 2011 Assisted Living Facility Semi-private Nursing Home $4,208 Private Nursing Home Median monthly income $0 $1600 $3200 $4800 $6400 $800 To Relieve Burden on Family Of the $533 billion spent in home-based caregiving in 2009, 1 in 6 29.64% Americans provide care for a family member, relative or friend. homecare and nursing home services combined Suffer work-related difficulties due to 70% caregiving 4% Retired a early 70.35% 5% Turned down promotion CI/ Gave up work unpaid family caregivers 3 To Get High Quality Care $19 Median hourly rate of Home health aide in 2013 $207 Semi-private nursing home median daily rate in 2013 $230 Private nursing home median daily rate in 2013 To Choose Care and Provider Median Annual Cost of Care 2013 Homemaker $41,756 Services: Assisted Living $41,400 Facility: Home Health $44,479 Semi-Private $75,405 Nursing Home: Aide: Adult Day Health Care: $16,900 Private Nursing Home: $83,950 To Stay at Home 50.6% 22% Other preference Long term care users receive long term care services at home. 78% Prefer to stay at home for their long /0 term care services To Enjoy Peace of Mind 47% Of people ages 40-50 are more scared of costs of getting sick than dying. Of America's working-age adults cannot afford to pay 84 MillIon for long term care expensés. To Have a Plan for the Future | in 10 US citizens over 55 have long term care insurance $31,408 Median income of households with people 65 and older. To Maintain Independence Family caregiver's hours per week dedicated to Caregiving (2012) Nearly 6.3million Age 15-24 Seniors depend on Medicaid in 2011 25-44 45-54 55-64 65-74 75+ 5 10 15 20 25 30 35 Hours To Leave a Legacy. $14.760 mcome of seniors 9. $15 million Average amount of inheritance of baby boomers Average retirement 10 To Preserve Quality of Life $526 B Used by Americans in leisure travel 21% Of Americans who travel are In 2007, seniors were willing to spend up to seniors $126 B For their travel Resources https://www.genworth.com/dam/Americas/US/PDFS/Consumer/corporate/130568 032213 Costs20o20Care Final nonsecure pdf http://www.forbes.com/2011/02/15/baby-boomers-retirement-how-to-make-the-most-of-your-inheritance.html http://contentz.mkt5013.com//p/42828/263718/Critical-liness-Research-Whitepaper 13 pdf http://www.commonwealthfund.org/Surveys/2013/Biennial-Health-Insurance-Survey.aspx http://www.oecd-ilibrary.org/docserver/download/811110leco69 pdf Brought to you by: http://familiesusaz.org/assets/pdfs/long-term-care/Cutting-Medicaid.pdf ACSIA http://www.disabled-world.com/disability/statistics/older-americans.php http://money.cnn.com/2013/06/10/retirement/retirement-income/index.htm http://www.caregiver.org/caregiver/jsp/content node.jspnodeid 439 http://caregiveraction.org/statistics/Caregiving%20Population http://www.leadingage.org/Article.aspaid338 http://www.deptofnumbers.com/income/us/ LTC Long Term Care, Inc. Global http://visually/traveling-tips-and-trends For more information about long term care insurance, visit: www.acsia.com

Ten Reasons Why You Need To Get a Long Term Care Insurance

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A data visualization on why you getting a long term care insurance is important and vital for your future.

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ACSIA

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