The well-known financial advisor, Sylvia Porter, once said, “if you have a retirement plan and it does not include a long term care insurance policy, you do NOT have a retirement plan.”
Many people think that Medicare and Medicare supplements cover the cost of long term care. The reality is that they do not, and by the time you find you have no coverage, it will be too late for you to purchase one of these policies.
Without a well thoughtout plan, the need for extended care due to sickness or injury can wipe out your retirement plans. The cost for long term care in Arizona averages over $200 a day, over $6,000 per month — over $72,000 per year. How would you fund this expense for yourself or your spouse?
A long term care policy can pay for these expenses, and these plans are quite affordable if you purchase one while in your 50s or early 60s. If you wait longer, you may find the cost for a long term care policy to be prohibitive. And once you have any condition that may put you into a long term care facility, no insurance company will give you a policy – it will be too late for you.
Many people think that Medicare and Medicare supplements cover the cost of long term care. The reality is that they do not, and by the time you find you have no coverage, it will be too late for you to purchase one of these policies.
Call us at (800) 600-9663 or visit our long term care webpage and ask us for a no-obligation free quote for a long term care insurance plan by clicking here. We represent all major carriers that offer long term care insurance policies here in Arizona – Genworth, Mutual of Omaha, John Hancock and more.
Those who are planning for LTC should get hold of useful long term care resources and consult advisors. These can give them helpful tips on where to start and how to choose payment options