Why Everyone Needs Long-Term Care Insurance.

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.

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Dear Kris Miller: Re a referral of Velma Stengel:   Here is the story for you to share. Velma Stengel my sister lost her Husband of 59 years in March. She had mentioned to me that some neighbors said she needs to se...
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2015-07-22T23:21:38+00:00
Dear Kris Miller: Re a referral of Velma Stengel:   Here is the story for you to share. Velma Stengel my sister lost her Husband of 59 years in March. She had mentioned to me that some neighbors said she needs to se...
Read More..

Kris Miller has the ability to explain planning for retirement in a way we can all understand and prepare. – Patricia Fripp
2014-11-14T02:26:09+00:00
Kris Miller has the ability to explain planning for retirement in a way we can all understand and prepare. – Patricia Fripp

Having a Living Trust will take a lot of stress out of our lives” - Mr. Randal, CA
2014-11-14T02:27:13+00:00
Having a Living Trust will take a lot of stress out of our lives” - Mr. Randal, CA

Dear Kris Just a short note to tell you how much I appreciate your advice to invest in American Equity it is making my life much easier Sincerely - Patty Matheis
2014-11-14T02:27:43+00:00
Dear Kris Just a short note to tell you how much I appreciate your advice to invest in American Equity it is making my life much easier Sincerely - Patty Matheis

“I would like to say ‘Thank You’ for the professional and personal way you took care of my estate planning and also my investments.” – Coleva A. Rogers
2014-11-14T02:28:34+00:00
“I would like to say ‘Thank You’ for the professional and personal way you took care of my estate planning and also my investments.” – Coleva A. Rogers

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