Top 10 Reasons to Buy Long Term Care Insurance Policy

TOPReasons to Get Long Term Care Insurance 10 ACSIA surveyed long term care experts and agen ts about the reasons why people should get long term care insurance. Here are the top ten most popular answers. 1 To Protect Assets $53,657 Median Monthly Rates of Long Term Care in 2015 Median Annual Rates of Long Term Care in 2015 Assisted Living Facility Semi-private Nursing Home or $4,471 Private Nursing Home Median monthly income $0 $3,200 $4,200 $43,800 $80,300 $91,250 2 To Relieve Burden on Family Caregiving responsibilities directly affect careers of family caregivers. 1 in 6 29.64% Americans provide care for a family member, relative or friend. homecare and nursing home services combined 42% of daughters agree that their career has suffered 15% of husbands say the same 70.35% 25% of wives say the same unpaid family caregivers 3 To Get High Quality Care Median hourly rate of home health aide in 2015 Semi-private nursing home median daily rate in 2015 Private $20 $220 $250 nursing home median daily rate in 2015 4 To Choose Care and Provider Median Annual Cost of Care 2015 Homemaker Services: $44,616 Assisted Living $43,200 Facility: Home Health $45.760 Aide: $80,300 Semi-Private Nursing Home: Adult Day Health Care: $17,904 Private Nursing $91.250 Home: 5 To Stay at Home 4% 做 9% prefer to move to a facility 70 where care is provided. prefer to move to a relative's home. 82% Prefer to stay at home for their long term care services. To Enjoy Peace of Mind 91% 6 of Americans make no advanced that one spouse will require long term care for couples. 97% plans for their long term care needs 7 To Have a Plan for the Future 1 in 10 US citizens over 55 have long term care insurance $36,895 Median income of households with people 65 and older. 8 To Maintain Independence Family caregiver's hours per week dedicated to Caregiving (2012) Age 15-24 Medicaid and CHIP cover nearly 70 million 25-44 45-54 people since 2015 55-64 65-74 75+ 10 25 35 Hours 15 To Leave a Legacy. $59,000 9 $1.5 million Average retirement income of seniors Average amount of inheritance of baby boomers 10 To Preserve Quality of Life $526 B Used by Americans in leisure travel 42% of seniors' annual spending on travel goes towards cruises. In 2007, seniors were willing to spend up to For their $126 B travel Resources https://www.agingcare.com/Articles/state-of-caregiving-2015-report-177710.htm http://www.nextavenu e.org/who-americas-caregivers-are-and-why-it-matters/ http://www.caregiving.org/caregiving2015/ http://www.caregiving.org/wp-content/uplo ads/2015/05/2015_CaregivingintheUS_Final-Report-June-4_WEB.pdf http://www.iyhusa.com/AginginPlaceFacts-Data.htm http://www.fa-mag.com/news/the-boom er-effect--reducing-the-impact-of-senior-care-on-the--largest-generation -in-history-and-their-gen-x-heirs-22200.html http://www.advisorperspectives.com/dshort/updates/Household-Incomes-by-Age-Brackets https://www.caregiver.org/selected-caregiver-statistics https://smartasset.com/retirement/average-retirement-income http://blog.virtuoso.com/traveler_trends/9-key-details-revealed-retirees-and-travel/ http://www.businessinsider.com/heres-how-much-americas-afflu ent-spend-on-vacation-2015-7 Brought to you by: CAgency LTCGlobal Visit this site for more info: Itcga.com 30 20 00