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Long Term Care

Anyone with even a passing experience with Alzheimer’s, stroke, Parkinson’s or just aging can appreciate the severity and financial devastation of these all-too-common life events and the inevitable care required. This is why we want protection.

Some recent statistics:

  • The lifetime probability of becoming disabled in at least two activities of daily living or of being cognitively impaired is 68% for people age 65 and older.
  • The national average cost of care for just one year in a nursing home is approximately $80,850.  In major cities like Boston and New York City, however, one year of Long Term Care can be as high as $100,000.
  • About 75 percent of all single people and 50 percent of all couples spend their entire savings within one year of entering a nursing home.

Long Term Care insurance can help you pay for services that you may need in the future such as eating, dressing, bathing and driving.  It can provide for support for a family member, friend or licensed professional to assist you with those activities that you may someday require help to complete.

Long Term Care insurance offers a daily, weekly or monthly benefit amount for a specific period of time that you get to decide.

Long Term Care has a wide array of Riders that can expand your benefit.  Please ask us about your options.

Allied Insurance Managers, INC.