Long Term & Short Term Care

​

While costs for nursing home care vary widely, they average about $4,500 a month. This can cost approximately $50,000 to $60,000 a year. A study by the U.S. Department of Health and Human Services says that people who reach age 65 will likely have a 40 percent chance of entering a nursing home. About 10 percent of the people who enter a nursing home will stay there five years or more. Long Term Care Insurance can help protect senior's estates from these catastrophic costs. LTC insurance can also help seniors with peace of mind knowing they will not be a burden to their kids and instead maintain their independence. Recently, Short Term Care has turned into a truly useful product due to the fact the premiums tend to be smaller and typically they are easier to qualify for in underwriting.

​