« 401k + IRA = Retirement | Main | Life Comes At You Fast..Get A Will »

Considering Long Term Care?

We have a lot of helpful information on our site to help explain Long Term Care Insurance.  It's a confusing topic. However, I know a lot of people have to care for elderly parents right now and are probably starting to think about this type of  insurance for their retirement.  Here's some additional tips from MSNBC.

How much will it cost?
American Association of Long Term Care Insurance publishes an average cost index that can offer some pointers. For example, the average cost for a 55-year-old purchasing long-term care insurance is $772-per-year. The average annual cost for a 65-year-old is $1,456. Buyers at these prices are cutting their costs with spousal discounts, good health, and 3-year limitations on their benefits

Posted on Thursday, June 22 by Registered CommenterWise Owl in | Comments Off