Why Everyone Needs

Why Everyone Needs Long-Term Care Insurance.

Any number of unexpected things can happen to anyone—from health problems to injuries to setbacks. And this is precisely why you need long-term care insurance.

Did you know that one in seven people in long-term healthcare facilities are under the age of 65? For instance, Michael J. Fox was only 30 when he noticed a twitch in his finger that was later diagnosed as Parkinson’s. And Christopher Reeve was 43 when he had his tragic accident that left him a quadriplegic. Additionally, according to an analysis of statistics from the Centers for Medicare and Medicaid Services, the number of under-65 nursing home residents has risen about 22 percent in the past eight years. So, yes, “stuff” happens. That’s why you must plan for it.

Additionally, seven in ten people over age 65 end up in a long-term care facility. And the average cost is $170 to $350 per day that these people will have to pay out-of-pocket for their care. In one month, that equals $5,100 to $10,500. And that doesn’t even include the costs for doctors, medical devices, prescriptions, and other living expenses. If you want protect your assets from spend out, long-term care insurance is the way to go.


About Kris Miller

For the past 20 years, my clients have relied on me as a PREtirement and living trust expert. I’ve become known as The Money Maestro, Credentials for Kris Miller, ChFEBS, CSA, LDA Certified Senior Advisor and Estate Planning Specialist for more than 20 years Charted Federal Employee Benefit Specialist Licensed Legal Document Assistant (Paralegal in California) Licensed to offer life insurance and long-term care insurance (State of California and Tennessee) Owner of Trusts Unlimited and The Living Trust Institute, a legal and financial document preparation service Member, Society of Senior Advisors Member, National Speakers Association Experienced speaker offering keynotes, seminars, and workshops on retirement and estate planning throughout the United States Nominated as 2010 Woman of the Year and best Customer Service by the Hemet, California, Chamber of Commerce Nominee and winner in three categories in the National American Country Music Awards and Inspirational Country Music Awards for songwriting (2008, 2009, 2010) Nominated Inspirational Music’s Songwriter of the Year
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