Long-Term Care Insurance

Enhancelnsurance.com LONG-TERM CARE INSURANCE Projected average cost for 2 years of long-term care 30 $500,000 years from now. SOME LONG TERM CARE INSURANCE Life Expectancy FACTS in 2012 7876 24 (in 2011) The median length of stay for all assisted living residents in US. In the U.S., average life expectancy at birth is about 79 OVER MID 50s MONTHS years for women and about 72 r men. BEST AGE TO BUY LTC INSURANCE years for m yrs US States with the highest concentration of centenarians AVERAGE PURCHASE AGE OF GROUP INSUREDS lowa South Dakota Nebraska Mississippi 23% Kansas OVER Per 1990 US Census WHO NEEDS CARE? In the next 20 years the number of elderly drivers (persons 70 & over) is predicted to triple in the United States. OF CLAIM PAYMENTS WERE FOR HOME CARE 1000 MALES 30% WILL NEED CARE 1000 FEMALES 66 65 55% WILL NEED CARE APPLYING FOR LTCI 2% WILL NEED CARE LONGER THAN 2 YEARS 7% WILL NEED CARE LONGER THAN 2 YEARS Ages When People Apply For Long-Term Care Insurance (2011) OF RESIDENTIAL CARE AND MARRIED CLAIMS END IN DEATH 55-64 55% OVER 3 45-54 20% PER HOUR 65-74 15% THE AVERAGE NUMBER OF CARE VISITS PER WEEK The Average Per-hour Cost of Home Care in The U.S. is $30 ALZHEIMER'S PER-DAY COST THE HIGHEST CAUSE OF CLAIMS AFTER AGE 65 NOT THAT OLD 20% $250 WILL NEED CARE LONGER THAN 5 YEARS According to New York Times. 2012 Long term care insurance has been around since the late The 10 Leading Insurers Pay Nearly $11 MILLION DAILY 1970's. However, it didn't really catch on until the late 1980's and early 1990's and only a handful of insurers offered long term care insurance in the beginning. 70% While nursing homes have been around for many years, the concepts of "at home" care and "adult day" care were foreign to most people. However, as longevity rates increased due to BROUGHT TO YOU BY: new medical technologies and drugs, more and more people were living longer than expected. 70% Percent of People Over 65 Will Require Some Care At Some Point in Exhance Over 70% of all Long- Term Care is provided at home by unpaid caregivers. Those that needed some INSURANCE type of long term care were fairly limited in their options. Their Lives. Enhancelnsurance.com Enhancelnsurance.com LONG-TERM CARE INSURANCE Projected average cost for 2 years of long-term care 30 $500,000 years from now. SOME LONG TERM CARE INSURANCE Life Expectancy FACTS in 2012 7876 24 (in 2011) The median length of stay for all assisted living residents in US. In the U.S., average life expectancy at birth is about 79 OVER MID 50s MONTHS years for women and about 72 r men. BEST AGE TO BUY LTC INSURANCE years for m yrs US States with the highest concentration of centenarians AVERAGE PURCHASE AGE OF GROUP INSUREDS lowa South Dakota Nebraska Mississippi 23% Kansas OVER Per 1990 US Census WHO NEEDS CARE? In the next 20 years the number of elderly drivers (persons 70 & over) is predicted to triple in the United States. OF CLAIM PAYMENTS WERE FOR HOME CARE 1000 MALES 30% WILL NEED CARE 1000 FEMALES 66 65 55% WILL NEED CARE APPLYING FOR LTCI 2% WILL NEED CARE LONGER THAN 2 YEARS 7% WILL NEED CARE LONGER THAN 2 YEARS Ages When People Apply For Long-Term Care Insurance (2011) OF RESIDENTIAL CARE AND MARRIED CLAIMS END IN DEATH 55-64 55% OVER 3 45-54 20% PER HOUR 65-74 15% THE AVERAGE NUMBER OF CARE VISITS PER WEEK The Average Per-hour Cost of Home Care in The U.S. is $30 ALZHEIMER'S PER-DAY COST THE HIGHEST CAUSE OF CLAIMS AFTER AGE 65 NOT THAT OLD 20% $250 WILL NEED CARE LONGER THAN 5 YEARS According to New York Times. 2012 Long term care insurance has been around since the late The 10 Leading Insurers Pay Nearly $11 MILLION DAILY 1970's. However, it didn't really catch on until the late 1980's and early 1990's and only a handful of insurers offered long term care insurance in the beginning. 70% While nursing homes have been around for many years, the concepts of "at home" care and "adult day" care were foreign to most people. However, as longevity rates increased due to BROUGHT TO YOU BY: new medical technologies and drugs, more and more people were living longer than expected. 70% Percent of People Over 65 Will Require Some Care At Some Point in Exhance Over 70% of all Long- Term Care is provided at home by unpaid caregivers. Those that needed some INSURANCE type of long term care were fairly limited in their options. Their Lives. Enhancelnsurance.com